The corporate-backed lidar technology provider will now be valued at $1.52bn pre-acquisition rather than the $1.9bn figure when the deal was announced in February.

AEye, a US-based lidar system developer that counts several corporates among its investors, has amended its reverse transaction agreement with special purpose acquisition company CF Finance Acquisition Corp III.

The deal will now value AEye at $1.52bn pre-money, down from the $1.9bn valuation set when the deal was agreed in February this year. The merged business will take CF Finance Acquisition Corp III’s listing on the Nasdaq Capital Market.

Founded in 2013, AEye provides lidar systems for use in…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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