AEye Now Slated To Go Public by Merging With the SPAC CF Finance Acquisition Corp. III (CFAC) – How Does the Lidar Manufacturer Stack up Against the Likes of Aeva (IPV) and Luminar (LAZR)?
https://wccftech.com/aeye-now-slated-to-go-public-by-merging-with-the-spac-cf-finance-acquisition-corp-iii-cfac-how-does-the-lidar-manufacturer-stack-up-against-the-likes-of-aeva-ipv-and-luminar-lazr/
AEye, a company that specializes in artificial perception, has now become the latest lidar manufacturer about to go public by merging with the Special Purpose Acquisition Company (SPAC), CF Finance Acquisition Corp. III (NASDAQ:CFAC).
As per the details announced via a press statement just moments ago, AEye and CF Finance are expected to consummate their merger in Q2 2021. The transaction values AEye at $2 billion and will deliver gross proceeds of around $455 million. The company noted in the press statement: