Marinucci says “We have to adapt to this new world. Fewer experiments on the research side will be funded. We must be more selective and predict where the market will be in five years.”
The deal with CF Finance Acquisition Corp III is expected to provide AEye with gross proceeds of $455 million, raised by the SPAC during its IPO and from private investors including GM Ventures, Subaru-SBI and Intel Capital, among others.