AEye: Not Just Another Lidar SPAC
- AEye plans to go public in combination with the CF Acquisition Corp. III SPAC.
- The stock currently trades at the $10 PIPE price where a strong list of strategic investors plan to acquire shares.
- The stock trades at ~3x '26 revenue targets.
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AEye may have been the last of the Lidar technology companies to agree to a SPAC deal, but the company doesn't appear to be the least in the sector based on investors. About two months ago, AEye agreed to a business combination with CF Acquisition Corp. III (CFAC) to go public. My investment thesis is slightly bullish on this stock at the PIPE price of $10.
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