AEye announces 1-for-30 reverse stock split

AEye announced that the company’s board of directors has approved a 1-for-30 reverse stock split of its common stock, par value $0.0001 per share, that is expected to become effective on Tuesday, December 26. The common stock will continue to trade on Nasdaq under the symbol (LIDR) and will begin trading on a split-adjusted basis commencing upon market open on December 27. The new CUSIP number for the common stock following the reverse stock split will be 008183204.