Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 7

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 7
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 as a member of the Board.  We believe that the actions of    
 the Board Chairman/CEO and the other board members since mid-October 2023 have severely compromised the Company’s prospects and 
 decreased stockholder value by 99%.                                                                                             |

| · | In October 2023 AEye was bidding,                                                                            
 though its Strategic Partner, Continental AG (“Continental”) at least one request for quotation (“RFQ”) with 
 a major original equipment manufacturer (“OEM”).                                                             |

| · | Members of the Founders Group                                                                                                         
 immediately contacted the Company, noted that the firings and in particular the termination of the Company’s CTO, largest stockholder 
 and Co-Founder would have adverse consequences and was ill timed at best.  They also pointed out that the RFQ may be jeopardized      
 as a result of the terminations.                                                                                                      |

| · | A few days later, the Company                                                                                                                 
 held its Q3 Earnings conference at which time Matt Fisch, the CEO and Board Chairman told the audience that the relationship with Continental 
 was “the best it had ever been”.                                                                                                              |

| · | During the same day, Mr. Wuller                                                                                                          
 reviewed the Company’s records and the minutes of board meetings to determine if the board had met or voted on Dussan’s termination.  No 
 board meeting was held to discuss the termination, and no record of a board vote was found. In addition, the minutes from a November     
 1 meeting (held two days after the termination) were not available and have never been provided, although requested numerous times.      |

| · | By mid-December 2023 and after                                                                                                            
 the special stockholder meeting, the Company announced that it had lost its Strategic Partner Continental (even though, “the relationship 
 was the best it had ever been”), hadn’t won an RFQ and didn’t expect any in the foreseeable future.                                       |

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| · | Between mid-December 2023 and mid-February 2024, Wuller wrote                                                                                  
 the Board on numerous occasions about his concerns, his Nomination letter and his desire to join the Board. He also asked for an investigation 
 of the Company’s actions in October/November 2023. He was informed by corporate counsel that an internal investigation would be                
 undertaken and as a result he wrote a Memo in Support asking the following:                                                                    |

| 1) | Did the Chairman/CEO