Company: LIDRW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0000947871-25-000427
Chunk: 3

Company: AEye, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 3
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 challenges our Board and management are working tirelessly to resolve.

The Dissident Group is led by Mr. Dussan and Mr. Wuller, both of whom are
former executives that are no longer with the Company. We believe that many of our Company’s underlying issues were introduced during
their respective tenures. For example, during the over 10 years Mr. Dussan served as CEO, then later as CTO, he failed to bring a product
to market. Additionally, in 2019, in his capacity as CFO of the then-AEye business (prior to the business combination to become the current
public company), Mr. Wuller signed a nearly $20 million office lease agreement with a seven-year term. At the time, the then-AEye business
had no line of sight to any revenue, yet Mr. Wuller concluded that entering into such a massive lease commitment was advisable and approved
the transaction. In an attempt to fix the misguided decision made by Mr. Wuller, the Company is currently in litigation over the lease
at significant expense to the Company.

| Our Board and management represent the interests          
 of ALL stockholders and are best-                         
 positioned to oversee the success and turnaround of AEye. |

⁘ Our highly qualified nominees bring critical, business-relevant expertise that is vital to effectively overseeing AEye’s long-term strategy and path to profitability.

The current Board is comprised of proven leaders from industry giants such
as Daimler, Apple, TPG, and ADAC Automotive. The Board took decisive action to remove the Company’s prior leadership (including
a member of the Dissident Group) and installed seasoned professionals who have made significant strides on the road to boosting stockholder
value and addressing underlying business issues created by the Dissident Group. Our current nominees, Mr. Dunn and Ms. Zeifman, have highly
relevant skills in the technology space that bolster our current business strategy. They are invaluable assets to AEye at this critical
moment. We strongly recommend their re-election for the benefit of the Company and its stockholders.

Timothy Dunn, our Lead Independent Director, has a proven track record of operational excellence from his more than 15 years at TPG as an operating partner focused in the technology space, as well as his
roles as CFO of Hotwire and finance and strategic roles at Gap, Inc. and PepsiCo Inc. Mr. Dunn facilitates an open dialogue in our Boardroom,
bringing his extensive experience as a public and private company director