Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 3

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 3
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 (2) Founders
Group Nominees. Founders Group & AEye will each be using a universal proxy card for voting on the election of directors at the Annual
Meeting, which will include the names of all nominees for election to the Board. Stockholders will have the ability to vote for up to
two (2) nominees on Founders Group’ enclosed GREEN universal proxy card. Any stockholder who wishes to vote for a combination
of the Founders Group’s Nominees and the Company nominees may do so on Founders Group’ GREEN universal proxy card.
However, we urge you to vote only for the two Founders Group Nominees. There is no need to use the Company’s white universal proxy
card or voting instruction form, regardless of how you wish to vote.

Your vote to elect the Founders
Group Nominees will have the legal effect of replacing two (2) incumbent directors. If elected, the Founders Group Nominees, subject to
their fiduciary duties as directors, will seek to work with the other members of the Board to position the Company to enhance stockholder
value. However, the Founders Group will constitute only half of the Board and there can be no guarantee that they will be able to implement
the actions that they believe are necessary to do so. The names, background and qualifications of the Company’s nominees, and other
information about them, can be found in the Company’s proxy statement.

The Company has disclosed
that the Annual Meeting will be held in person. For further information on how to attend and vote at the Annual Meeting and by proxy,
please see the “VOTING AND PROXY PROCEDURES” sections of this Proxy Statement.

Stockholders are permitted
to vote for less than two (2) nominees or for any combination (up to two (2) total) of the Founders Group Nominees and the Company’s
nominees on the enclosed GREENuniversal proxy card. We believe the best opportunity for all the Founders Group Nominees to be
elected is by voting on the GREEN universal proxy card. Founders Group therefore urges stockholders using our GREENuniversal
proxy card to vote “FOR” all of the Founders Group Nominees.

IF YOU MARK FEWER THAN TWO (2) “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, OUR GREEN UNIVERSAL PROXY CARD, WHEN DULY EXECUTED, WILL BE VOTED ONLY AS DIRECTED