CF Finance Acquisition Corp. III (CFAC) to Combine with AEye in $2Bn Deal

CF Finance III (NASDAQ:CFAC) has entered into a definitive combination agreement with lidar-maker AEye at an enterprise value of $2 billion, or 11.4x its 2024E revenue. Dublin, California-based AEye has developed lidar sensors and software for use in consumer vehicles as well as industrial and robotics applications. The combined entity is expected to trade on
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