Company: LIDRW
Filing Date: 2025-05-07
Form Type: DFAN14A
Source: 0001999371-25-005652
Chunk: 1

Company: AEye, Inc.
Filing Date: 2025-05-07
Form: DFAN14A
Chunk 1
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 THEMSELVES AND SILENCE YOU

Instead of creating value, they’ve relied on dilutive
financings like ELOCs and ATMs to raise cash—not to invest in growth, but to fund their own outsized compensation.

In the last 12 months alone, they’ve diluted shareholders
by over 70%.
And this wasn’t just financial mismanagement—it was strategic.

They diluted your ownership not only to pay themselves—but
to weaken your ability to push back.

They hurt you to silence you.

3) IF YOU NEED ANY MORE PROOF THEY ARE WORKING AGAINST YOU…

On May 1, 2025—right in the middle of this contested election—the board quietly expanded itself to 7 members and appointed a new director, over the objection of sitting director
and original founder Luis Dussan.

They didn’t wait. They didn’t ask for your vote. They didn’t
even tell you until after many shareholders had already cast ballots.

Why? Because they knew giving you a say
would threaten the excessive payand dilution tactics outlined above. This may constitute a breach of fiduciary duty—and
it’s a blatant attempt to sidestep your right to choose who governsthe company you own.

Don’t let them get away with it.

WHO WE ARE

The Company has desperately tried to paint the FOUNDERS GROUPas dissidents. In truth, we are SHAREHOLDERS just like YOU, seeking BOARD INTEGRITY.

If elected, we will address the following:

v COMPENSATION – Require performance. No more automatic payouts for failure.

v DILUTION – Stop Irresponsible Dilution – Require transparency and shareholder input.

v BOARD STRUCTURE – Appoint an independent Chair, not a CEO-led board.

v INVESTMENT–
Demand strategic investmentdesigned to grow Company value – not just cash to pay expenses.

| ■ | VOTE GREEN FOR REAL CHANGE |

If you want to see board decisions that will add value, vote for:

| · | PAMELA BAUER |

| · | RANSOM P. WULLER |

If you vote for the Company’s nominees, you won’t
see performance-based pay (they haven’t done it in two years),

you won’t have a say in dilution (they diluted 70% last year with
no notice),

and you won’t see board independence (the CEO has also
been Chairman for two years).

What you willsee is:

X Excessive compensation

XEx