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                            July 12, 2021

       Jane Novak
       Chief Financial Officer
       CF Finance Acquisition Corp. III
       110 East 59th Street
       New York, NY 10022

                                                        Re: CF Finance
Acquisition Corp. III
                                                            Amendment No. 2 to
Registration Statement on Form S-4
                                                            Filed July 8, 2021
                                                            File No. 333-256058

       Dear Ms. Novak:

              We have reviewed your registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Form S-4/A filed July 8, 20221

       AEye, Inc. and Subsidiaries Notes to Unaudited Condensed Consolidated
Financial Statements
       18. Related Parties, page F-94

   1.                                                   We note that you have
included new related party footnote disclosure in your unaudited
                                                        March 31, 2021
financial statements; however, the disclosure appears to relate to the
                                                        annual financial
information. If the footnote disclosure should more appropriately be
                                                        included in the annual
financial statements, please include it there and tell us what
                                                        consideration your
auditor gave to this revision.
               We remind you that the company and its management are
responsible for the accuracy
       and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
       action by the staff.
 Jane Novak
CF Finance Acquisition Corp. III
July 12, 2021
Page 2

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact Mindy Hooker at 202-551-3732 or Kevin Stertzel at
202-551-3723 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Geoffrey Kruczek at 202-551-3641 or Perry Hindin at 202-551-3444 with
any other
questions.



                                                           Sincerely,
FirstName LastNameJane Novak
                                                           Division of
Corporation Finance
Comapany NameCF Finance Acquisition Corp. III
                                                           Office of
Manufacturing
July 12, 2021 Page 2
cc:       Douglas Ellenoff
FirstName LastName