Company: LIDRW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0000947871-25-000427
Chunk: 1

Company: AEye, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 1
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 at this year’s meeting.

AEye urges stockholders to protect their investment and the
future of the Company by voting only on the WHITE proxy card “FOR” AEye’s nominees, Timothy Dunn and Sue
Zeifman, and “AGAINST” the dissident nominees. AEye strongly opposes dissident nominees Ransom Wuller and Pamela Bauer, as
their lack of qualifications, independence, and track record pose significant risk to the Company and its stockholders.

AEye’s current Board and management team bring critical,
business-relevant expertise and are repositioning the Company to capture the significant opportunity in the lidar market. As we continue
to execute our strategy and deliver advanced products like Apollo, we remain focused on creating value for our stockholders.

The Board and management team are more optimistic than ever
about the Company’s long-term outlook and strategic direction. We must stay the course and re-elect the Company’s highly qualified
nominees, Timothy Dunn and Sue Zeifman, to support our revitalized strategy and path to profitability at this pivotal time.

The Company’s proxy statement, which contains other important
information related to voting at the Annual Meeting, as well as the accompanying WHITE proxy card and other relevant documents
can be found at investors.aeye.ai/financial-information/sec-filings or at the SEC’s website at www.sec.gov.

The full text of the letter follows:

***

April 28, 2025

Dear Fellow Stockholders of AEye, Inc.:

Thank you for your continued investment and interest in AEye, Inc. (“AEye”
or the “Company”).

This year will mark our fourth annual meeting of stockholders since becoming
a public company, and we are excited by AEye’s strategic path and outlook to create and maximize long-term stockholder value.

Since 2023, our Board of Directors (“Board”) and new leadership
team have executed on a clear strategy that generates fundamental growth for the business and best positions AEye for long-term success.
As you may be aware from prior communications, we are in the middle of a pivotal process of revitalizing our business and refocusing our
strategy to capture the significant opportunity in the lidar market. We are excited by our recent innovation in advanced, market-ready
lidar solutions, like Apollo, and our renewed ability to execute on our aggressive growth goals.

Our Chairman and CEO, Matthew Fisch, inherited a company with great technological
promise but facing several significant challenges, including undisciplined capital allocation and