CF Finance Acquisition Corp. III’s Merger With AEye

DLA Piper LLP (US) served AEye, while Hughes Hubbard & Reed LLP and Ellenoff Grossman & Schole LLP are serving as legal advisors to CF III on the deal.

AEye, Inc. (“AEye”), the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company sponsored by Cantor Fitzgerald, have entered into a definitive merger agreement. The combined company will be called AEye Holdings, Inc. and is expected to be publicly listed on Nasdaq following the close of the transaction.

Assuming no redemptions by CF III stockholders, the transaction is expected to deliver up to $455 million of gross proceeds, including the contribution of up to $230 million of cash held in CF III’s trust account. The transaction is further supported by a $225 million fully-committed PIPE anchored by strategic and institutional investors including GM Ventures, Subaru-SBI, Intel Capital, Hella Ventures, Taiwania Capital, and other undisclosed investors to be announced.

HHR team included Partner Michael Traube (Picture) and associate Samuel Hurt, partners Ken Lefkowitz, Matthew Syrkin, Carlos Lobo, Spencer Harrison, Alan Kravitz, Freddie Goudie, Rita Haeusler, Avner Bengera, Gary Simon and Jim Dabney; counsel Richard Koehl and Jim Klaiber; and associates Javad Husain, Andrew Herman, Justin Cohen, Arthur Souza Rodrigues and Kristin Millay.

Involved fees earner: Avner Bengera – Hughes Hubbard & Reed; Justin Cohen – Hughes Hubbard & Reed; James Dabney – Hughes Hubbard & Reed; Federico Goudie – Hughes Hubbard & Reed; Rita Haeusler – Hughes Hubbard & Reed; Spencer Harrison – Hughes Hubbard & Reed; Andrew Herman – Hughes Hubbard & Reed; Samuel Hurt – Hughes Hubbard & Reed; Javad Husain – Hughes Hubbard & Reed; Richard Koehl – Hughes Hubbard & Reed; Alan Kravitz – Hughes Hubbard & Reed; Kenneth Lefkowitz – Hughes Hubbard & Reed; Carlos Lobo – Hughes Hubbard & Reed; Kristin Millay – Hughes Hubbard & Reed; Gary Simon – Hughes Hubbard & Reed; Arthur Souza Rodrigues – Hughes Hubbard & Reed; Matthew Syrkin – Hughes Hubbard & Reed; Michael Traube – Hughes Hubbard & Reed;

Law Firms: Hughes Hubbard & Reed;

Clients: CF Finance Acquisition Corp. III;

Martina Bellini

Author: Martina Bellini