Company: LIDRW
Filing Date: 2025-05-05
Form Type: DEFA14A
Source: 0000947871-25-000449
Chunk: 7

Company: AEye, Inc.
Filing Date: 2025-05-05
Form: DEFA14A
Chunk 7
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 a top - tier manufacturing partner to ensure productization is on - time and on - budget Created the largest customer pipeline in the Company’s history Accelerated development of and released Apollo, which is expected to be a game - changing lidar product that will leapfrog the competition in terms of performance and size Reduced spend by 75%* since 2023 through aggressive financial discipline Raised additional capital to extend runway for strategic growth Since 2023, our Board & management have created a path for sustainable long - term value creation for our stockholders The Dissidents’ nominations and proposals have the potential to disrupt our progress towards our strategic goals Recent Milestones Under Current Management’s Strategy *Based on the Company’s cash use or burn in the first quarter of 2023 at $20.1 million as compared to the cash use or burn in th e fourth quarter of 2024 at $4.6 million. 5

• Matt Fisch is Critical to the Success of AEye's Next Phase of Growth Since Mr. Fisch’s appointment in 2023, AEye has: x Accelerated Development of and Released Apollo , which is expected to be a game - changing lidar product that will leapfrog the competition x Created partnerships with top - tier manufacturers x Developed the largest customer pipeline in AEye’s history x Reduced spend by 75% since 2023* x Raised $24 million over the past 14 months, providing critical runway to bring Apollo to market Matt Fisch Chairman and CEO • 30 years of experience delivering breakout products across the automotive and other industries, and building software - driven organizations at multi - billion - dollar global companies • Senior leadership positions at Intel, Gentherm, Verifone, and HARMAN International • At Intel, Matt successfully brought dozens of category - defining products to market Mr. Fisch has re - positioned AEye to take advantage of huge opportunities in the lidar market by prioritizing innovation, enacting capital discipline, and promoting a strategy of long - term stockholder value creation *Based on the Company’s cash use or burn in the first quarter of 2023 at $20.1 million as compared to the cash use or burn in th e fourth quarter of 2024 at $4.6 million. 6

• Our Board Nominees are Highly Qualified to Oversee and Lead AEye Mr. Dunn has a track record of operational excellence from his 15+ years at TPG as an operating partner in the technology space • Former CFO of Hotwire and finance