Company: LIDRW
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001104659-25-036915
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 2
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| 3. | To                                                                                                                   
 approve an increase in the number of shares of common stock issuable under the Company’s 2021 Equity Incentive Plan; |

| 4. | To                                                                       
 hold an advisory vote on the declassification of the Board of Directors; |

| 5. | To                                                                                                       
 hold an advisory vote on the reduction in the number of authorized shares of common stock to 20,000,000; |

| 6. | To                                                                                                                                    
 hold an advisory vote on the reduction in the number of authorized shares of common stock to 125% of the then fully diluted shares of 
 common stock; and                                                                                                                     |

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| 7. | To                                                                                                                       
 transact such other business as may properly come before the Annual Meeting or any adjournment or postponements thereof. |

Luis
Dussan, a member of the Founders Group, has notified the Company of his intent to present Proposal 6 at the Annual Meeting, recommending
and requesting that the Board of Directors take the steps necessary to amend the Certificate of Incorporation to reduce the number of
authorized shares of common stock to 125% of the then fully diluted shares of common stock outstanding. Proposal 6 was not submitted
under Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company has stated
in its proxy statement that if a holder votes on the Company’s white proxy card, the Company’s proxy holders will vote AGAINST
Proposal 6. Pursuant to this proxy statement, we are soliciting votes “FOR” Proposal 6, and if you want to vote “FOR” Proposal 6, you must vote on our GREEN universal proxy card.

The Founders Group has nominated
two (2) director nominees, Pamela Bauer and Ransom P Wuller (each, a “Founders Group Nominee” and, together, the “Founders
Group’s Nominees”) for election at the Annual Meeting as Class I directors. The Company has a classified Board, which is currently
divided into three (3) classes. According to the Company’s proxy statement, two (2) directors are standing for election at the Annual
Meeting. Through this Proxy Statement and enclosed GREENuniversal proxy card, we are soliciting proxies to elect our two (2) Founders
Group Nominees. Founders Group & AEye will each be