Bloomberg
AEye said in talks that it would go public through Cantor Blank-Check Firm
(Bloomberg) – Artificial awareness startup, AEye Inc., is in talks to merge with CF Finance Acquisition Corp. III, a blank check firm owned by Cantor Fitzgerald LP, how to go public is not immediately learned. A deal has not yet been finalized and conditions could change or talks could collapse. The shares of CF Finance Acquisition Corp. III rose up to 32% after Bloomberg reported the discussions. A representative from Cantor Fitzgerald declined to comment. AEye did not immediately respond to requests for comment. Dublin, AEye, headquartered in California, under the direction of Blair LaCorte, Chief Executive Officer and President Luis Dussan, manufactures sensor technology known as lidar for use in autonomous vehicles. Continental AG, Europe’s second largest auto parts supplier, acquired a minority stake in AEye in October. Further investors are according to the website of AEye Kleiner Perkins, LG Electronics, Intel Capital and Airbus Ventures. CF Finance Acquisition Corp. III, led by CEO Howard Lutnick and President Anshu Jain, raised $ 230 million in November with an objective to close a deal in an industry or geography. “The company intends to focus on industries where the management team and founders are experienced, including the financial services, healthcare, real estate services, technology and software industries,” it said at the time. A previous Cantor blank check firm last year agreed to merge with GCM Grosvenor Inc. to bring the investment manager public. In November, CF Finance Acquisition Corp. II entered into an agreement with View Inc., a manufacturer of intelligent windows that use artificial intelligence. In December, Cantor raised $ 500 million for its fourth special-purpose acquisition company and filed for a fifth SPAC this month. (Updates with proportions in the second paragraph.) For more articles like this, visit bloomberg.com. Subscribe now to stay ahead of the curve with the most trusted business news source. © 2021 Bloomberg LP
