Company: LIDRW
Filing Date: 2025-05-06
Form Type: DFAN14A
Source: 0001999371-25-005452
Chunk: 1

Company: AEye, Inc.
Filing Date: 2025-05-06
Form: DFAN14A
Chunk 1
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ed. It needs real change.

Please vote GREEN.

If you recently received AEye’s Contested Solicitation WHITE
proxy card and their shareholder letter asking you to vote for their incumbent nominees at the Annual Meeting on May 15, 2025, DON’T DO IT.

Vote the GREEN proxy for the Founders Group nominees and
the proposals to declassify the Board and cap authorized shares to limit dilution. Do not vote the Company’s white proxy, and if you have already, VOTE GREEN NOW to override it.

In their letter, the current Board and its Chairman and CEO call
us “disgruntled former employees” seeking “vendetta.” Nothing could be further from the truth. The Founders Group
— Ransom & Valerie Wuller, Luis Dussan, and Pamela Bauer — are current and long-time shareholders. We built AEye from
a startup into a public company valued at $1.3 billion.

We are disgruntled Shareholders and YOU should be too.

The Company’s nominees, Timothy Dunn and Sue Zeifman, oversaw
a 99% collapse in value. They now want another three years. PLEASE DON’T GIVE THEM YOUR VOTE.

Timeline of Management Missteps:

| Date           |     | Event                                                                             |
| Late Oct. 2023 |     | CEO Matt Fisch fires the leadership team suddenly and without Board vote          |
| Nov. 2023      |     | Earnings call: Fisch claims Continental relationship is "the best it’s ever been" |
| Dec. 2023      |     | Continental cancels relationship with AEye                                        |

Outside of the macro market volatility (all lidar companies were
affected), AEye's decline continued toward zero — evidence of internal mismanagement, not external forces.

The original team achieved an IPO and was on track to win major
RFQs. The current team has won none.

AEye’s Board and management team have overseen:

| · | A drop in market capitalization from $1.3 billion to $13 million (2021–2025)                                                   |
| · | A 70%+ dilution of shareholder equity in just the last 16 months                                                               |
| · | Zero RFQ wins, a discontinued industrial sales effort (later reversed), and the loss of key partners, including Continental    |
| · | Board and CEO bonuses and compensation, the last two years, equal to almost 75% of the Company’s current market value, despite