Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 11

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 11
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 market and generating revenue which is dearly needed. Even small wins will help drive the Company’s market value given its
severely depressed state. The auto market is also likely to see gains going forward and even one win in that market would have a profound
effect on valuation. However, with the current Board which has shown no sense of innovative thought we are pessimistic.

We are excited about these
opportunities but deeply concerned by the lack of real expertise on the Board to properly evaluate such business opportunities. The Founders
Group Nominees – Pamela Bauer and Ransom P Wuller - each bring a rigorous background in manufacturing, knowledge of AEye and the
Lidar market sorely lacking on the Board today.

<div align='center'>8

PROPOSAL NO. 1

ELECTION OF DIRECTORS</div>

According to the Company’s
proxy statement, the Board is currently composed of six (6) directors, with the terms of two Class I (2) directors expiring at the Annual
Meeting. We are seeking your support at the Annual Meeting to elect our two (2) Founders Group Nominees, Pamela Bauer and Ransom P Wuller.
Your vote to elect the Founders Group Nominees will have the legal effect of replacing two (2) incumbent directors of the Company with
the Founders Group Nominees. If elected, our Founders Group Nominees, together with Mr. Dussan who is a current director and member of
the Founders Group, will constitute 50% of the Board and there is no guarantee that they will be able to implement the actions they believe
are necessary to unlock stockholder value at the Company. However, we believe the election of the Founders Group Nominees is an important
step in the right direction for enhancing long-term value at the Company. You should refer to the Company’s proxy statement for
the names, background, qualifications and other information concerning the Company's nominees.

We have provided the required
notice to the Company pursuant to the Universal Proxy Rules, including Rule 14a-19(a)(1) under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and intend to solicit the holders of Common Stock representing at least 67% of the voting power
of Common Stock entitled to vote on the election of directors in support of director nominees other than the Company’s nominees.

THE FOUNDERS GROUP NOMINEES

The following information
sets forth