Company: LIDRW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0000947871-25-000427
Chunk: 6

Company: AEye, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 6
---
 do not understand our current business and market opportunity – they are blinded by their own personal agenda.

Two members of the Dissident Group are former employees of the Company
and, as such, they believe in their own outdated and ill-informed perspectives on AEye rather than the current and meaningfully more qualified
view of management and the Board. Mr. Wuller departed nearly five years ago, and Mr. Dussan was involuntarily terminated about 18 months
ago. Even over the past 18 months, and certainly over the past five years, the Company and the lidar industry have changed substantially.
The circumstances in which members of the Dissident Group left the Company posed significant long-term risk to stockholders and a member
of the Dissident Group even touted the desire to make AEye a “meme stock” rather than execute on a stable long-term strategy
with sound fundamentals.

⁘ The Dissident Group nominees are unqualified to oversee the future of AEye.

In contrast to the Company’s qualified and demonstrated high-value
nominees in Mr. Dunn and Ms. Zeifman, the Dissident Group’s nominees do not bring skills, independence, or experience that ensure
effective oversight of the future of AEye. Their nominees, Ms. Bauer and Mr. Wuller, are a retired real estate agent and a retired medical
malpractice attorney, respectively, with no publicly available evidence of serving on any public company board and minimal knowledge of
the industry in which the Company operates. They are also likely close friends as they list their respective addresses in the same small
town in Illinois. Neither dissident nominee has nor claims any experience in developing, marketing, or selling a high-tech product.

The Dissident Group has completely failed to demonstrate how stockholders
will benefit by depriving the Board of its highly qualified members with deep technology experience, and replacing each of them with individuals
lacking technology expertise, public company board experience, or integrity. In fact, we learned that Ms. Bauer was a named defendant
in a civil federal lawsuit filed in 2007 by the U.S. Department of Justice alleging discriminatory conduct and violations of the Fair
Housing Act. The court found in favor of the government and thereafter the matter appears to have been resolved.

⁘ Our highly experienced management team is best positioned to execute and deliver value for our stockholders.

We have assembled a best-in-class management team and Board focused on
delivering long-term value for our stockholders and executing on a