AEye and Indie to Merge with SPACs at $2.4B and $1.4B Valuations Respectively

PRNewswire: AEye and CF Finance Acquisition Corp. III, a special purpose acquisition company sponsored by Cantor Fitzgerald have entered into a 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. Transaction values AEye at a pro-forma enterprise value of $2.0B and delivers up to $455M of gross proceeds to fully fund the company through profitability.

BusinessWire: Meanwhile, Indie Semi just saying that it will work on its own FMCW LiDAR, already enjoys almost $1.4B post-transaction valuation in another SPAC merger deal.