CF Finance Acquisition Corp III (CFAC) Revises AEye Deal, Slashing Valuation From $1.9Bn to $1.52Bn

CF Finance Acquisition Corp III (CFAC) Revises AEye Deal, Slashing Valuation From $1.9Bn to $1.52Bn

CF Finance III (NASDAQ:CFAC) amended its merger agreement with lidar-maker AEye today due to recent valuation changes of publicly traded lidar companies and changing conditions in the automotive lidar industry. Under the amended merger agreement, AEye’s valuation was lowered approximately by 20%, from $1.9Bn to $1.5Bn. Cantor Fitzgerald-sponsored CF Finance III has also deposited an
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