Business Wire·Apr 29, 2026, 7:00 AM ET

AEye's CEO Issues Letter to Stockholders

AEye, Inc. (NASDAQ: LIDR) issued a shareholder letter ahead of its 2026 Annual Meeting scheduled for May 12, 2026.
The letter urges stockholders to vote in favor of Proposal Three, which seeks approval to allocate 6,750,000 shares for the 2021 Equity Incentive Plan.
As of March 23, 2026, only 401,785 shares remained available under the plan, a figure management deems insufficient to support recent commercial momentum.
AEye reported a 33% increase in customer count, a 40% expansion in its commercial pipeline, and a record quarter for Apollo™ unit shipments last month.
Failure to approve the proposal risks increased employee retention costs shifting from equity to cash, potentially accelerating cash burn & shortening the financial runway that currently extends into 2028.
Voting for the proposal provides flexibility to hire & retain talent without committing the company to immediate share issuance.
Shareholders can vote online at www.proxyvote.com, by phone at 1-800-690-6903, or by returning the enclosed proxy card.
The definitive proxy statement for the meeting was filed with the SEC on March 30, 2026, & is available via the SEC website & AEye's investor relations page.