Company: LIDRW
Filing Date: 2025-05-13
Form Type: DEFA14A
Source: 0000947871-25-000499
Chunk: 9

Company: AEye, Inc.
Filing Date: 2025-05-13
Form: DEFA14A
Chunk 9
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 Dissident Group has presented no credible plan for the Company’s future.

The Dissident Group has had ample opportunity to present
a credible plan for AEye’s future and long-term stockholder value creation, both in their engagement with management and within
their proxy filing, but they have presented no credible plan. The Board and management team have repeatedly given the Dissident Group
an audience to discuss strategic suggestions, and the Dissident Group has failed to present any actionable plan each time.

⁘ The members of the Dissident Group do not understand our current business and market opportunity.

Two members of the Dissident Group are former employees of
the Company and, as such, we believe they have outdated and limited perspectives on AEye’s current business and strategic plans
compared to the current and more qualified view of management and the Board. Mr. Wuller departed nearly five years ago, and Mr. Dussan
was involuntarily terminated about 18 months ago. Even over the past 18 months, and certainly over the past five years, the Company and
the lidar industry have changed substantially. The circumstances in which members of the Dissident Group left the management posed significant
long-term risk to stockholders, and a member of the Dissident Group even proposed, as a strategy to grow AEye, to make AEye into a “meme
stock” rather than executing a stable long-term strategy with sound fundamentals.

⁘ The Dissident Group nominees are unqualified to oversee the future of AEye.

In contrast to the Company’s qualified and demonstrated
high-value nominees in Mr. Dunn and Ms. Zeifman, the Dissident Group’s nominees do not bring skills or experience that ensure effective
oversight of the future of AEye. Their nominees, Ms. Bauer and Mr. Wuller, are a retired real estate agent and a retired medical malpractice
attorney, respectively, with no publicly available evidence of serving on any public company board and minimal knowledge of the industry
in which the Company operates. Neither dissident nominee has nor claims any experience in developing, marketing, or selling a high-tech product.

The Dissident Group has failed to demonstrate how stockholders
will benefit by replacing the Board of its highly qualified members with deep technology experience with individuals lacking technology
expertise and public company board experience.

⁘ Our highly experienced management team is best positioned to execute and deliver value for our stockholders.

We have assembled a best-in-class management team and Board
focused on delivering long-term