Company: LIDRW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0000947871-25-000427
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 2
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 product development that left the company
in peril. Mr. Fisch has remained focused on building a resilient business capable of withstanding economic headwinds while prioritizing
innovation and customer growth. In the two years since he joined the Company, AEye has:

Despite our management team’s disciplined execution of our business
strategy, we are facing a group of dissident investors (collectively, the “Dissident Group”) led by two disgruntled former
employees, one of whom is a current director on our Board. They are seeking control of our Board by nominating two additional directors.
Their goal is not to drive stockholder value – it’s about personal vendettas and is at the expense of ALL stockholders.
One member of the Dissident Group said he would “burn the Company down.” We refuse to let that happen.

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. On the contrary, the Dissident Group does not have a plan for the future of AEye and has a track record of corporate mismanagement.They lack the independence and expertise necessary to lead AEye through its next phase of growth. Their significant sales of Company stock and proposals lay bare that their intentions are not aligned with our stockholders or the future of AEye.

AEye and its stockholders deserve stability, continuity, and focus –
not disruption and upheaval. In this critical time, the Dissident Group has initiated a costly, self-serving, and harmful proxy contest that threatens the Company’s critical strategic momentum and its stockholders’ interests. The Dissident Group has made
false and misleading claims in an attempt to advance their personal agenda. We are here to set the record straight for our stockholders.

We urge you to vote to protect your investment at our Annual Meeting. Do not let the Dissident Group’s self-interested campaign take AEye off course and unwind the significant progress our Board and management has made since 2023.

| Since 2023, AEye’s Board and management have repositioned AEye to pursue the 
 significant market opportunity in lidar. We remain                           
 focused on executing on our strategy                                         
 and driving sustainable long-term value creation for our stockholders.       |

⁘ The members of the Dissident Group are responsible for many of the current