Company: LIDRW
Filing Date: 2025-05-13
Form Type: DEFA14A
Source: 0000947871-25-000499
Chunk: 3

Company: AEye, Inc.
Filing Date: 2025-05-13
Form: DEFA14A
Chunk 3
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| · | Positioned AEye to take advantage of the huge upcoming market opportunity in ADAS and actively working with industry leaders, like 
 Nvidia, to take advantage of the market opportunities that they are creating in the autonomous driving space.                      |

| · | Created a partnership with a top-tier manufacturing partner to ensure forthcoming productization is on-time and on-budget. |

| · | Created the largest customer pipeline in the Company’s history through a relentless focus on customer needs, continuously engaging 
 with customers and responsively iterating on products.                                                                             |

Despite our management team’s disciplined execution of
our business strategy, a group of investors (collectively, the “Dissident Group”) led by two former employees (one of whom
remains a current director on our Board), are seeking further control of our Board by nominating two additional directors. We believe
that their primary goal is not to drive stockholder value but rather to pursue their personal agendas. For example, one member of the
Dissident Group said that members of the Dissident Group may well “burn the Company down” to achieve their goals. We do not
believe that electing directors nominated by a group with a member pursuing such personal agendas is consistent with shareholder interest.

We urge you to vote with the Company using the enclosed WHITE
universal proxy card. Supporting the Dissident Group by voting with the green universal proxy card poses a fundamental threat to your
investment and the future of AEye.

Our Board and management team are the right individuals to drive the business forward. The Dissident Group have no public board experience, no experience that matches AEye’s critical needs and no credible plan that they have presented for AEye’s future. Members of the Dissident Group have a weak track record, making or approving business decisions that remain dilutive to shareholder value even today.

AEye and its stockholders deserve stability, continuity,
and focus—not disruption and upheaval. AEye’s Board believes that the Dissident Group’s nominations and proposals have the potential to disrupt our progress towards our strategic goals and wants to make sure that our stockholders are aware of the
facts.

We urge you to vote to protect your investment at our Annual
Meeting. We encourage stockholders to consider the Company’s recent progress and the strategic direction established by our Board and management since 2023, and to support continued stability and momentum as we work to advance AEye’s long-term objectives.

| Key Points to Consider When Voting:                                                                                                     
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 We are at a pivotal