Company: LIDRW
Filing Date: 2025-05-06
Form Type: DFAN14A
Source: 0001999371-25-005452
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-05-06
Form: DFAN14A
Chunk 2
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 no improvement in share price or fundamentals                                                                                  |

This track record does not reflect shareholder alignment or sustainable
leadership. Yet, the Board is now asking shareholders to support another 3-year term.

We are shareholders, founders, and long-time contributors
to AEye’s vision and growth.

| · | Ransom Wuller is AEye’s co-founder and first shareholder. He served as CFO, General Counsel, and Director.                               
 With a background as a CPA, JD, and MBA, he helped guide AEye from inception to a $1.3 billion public company. He has remained           
 actively engaged in the Lidar and autonomous systems industry.                                                                           |
| · | Luis Dussan, AEye’s founding CEO and Chief Technology Officer, led the development of the Company’s software-defined                     
 Lidar platform. He was responsible for securing early strategic partners and customers and helped position AEye as a recognized category 
 innovator.                                                                                                                               |
| · | Valerie Wuller and Pamela Bauer, early, long-term material shareholders of AEye.                                                         |

Ransom, Luis, Valerie and Pamela remain material shareholders who
care deeply about the Company’s long-term success and the investors who believed in it.

Management's personal attacks are desperate distractions.

| · | Allegations about "personal vendettas" are false.                                                                                   |
| · | Claims about "past mismanagement" ignore the reality: we created a billion-dollar company.                                          |
| · | Highlighting minor historical events (e.g., old pre-covid real estate leases) is a smokescreen from their catastrophic performance. |

Ransom P. Wuller brings over four decades of legal, financial,
and operational experience. His track record includes guiding early-stage companies through growth and helping AEye reach a billion-dollar
valuation.

Pamela Bauer is an experienced operator with expertise in
manufacturing, supply chain,

and global sales strategy. She brings a practical commercial perspective
that the current Board lacks. As an early AEye investor, she is also committed to restoring shareholder confidence and oversight.

The current nominees, Tim Dunn and Sue Zeifman, have
presided over the Company’s value collapse and escalating dilution. Ms. Zeifman chairs the Compensation Committee that approved
excessive executive bonuses during this period. There is no indication that the current Board intends to change course.

If elected, our nominees will pursue the following actions immediately:

| · | Appoint an Independent Board Chair, replacing the current CEO-Chair dual role to