Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 2

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 2
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272 warrants (the “Warrants”) to purchase Common Stock (including shares of Common
Stock underlying warrants) for gross proceeds of up to approximately $8.0 million. Each share of Common Stock is being sold together with
two Warrants, with each Warrant to purchase one share of Common Stock. The shares of Common Stock and accompanying Warrants must be purchased
together in this offering but will be issued separately. Each Warrant is exercisable immediately with an exercise price equal to 120%
of the offering price, and expires on the fifth anniversary of the issuance date, subject to certain adjustments. We are offering the
securities for an assumed offering price of $0.22 per share of Common Stock and accompanying Warrants, which was 50% of the last reported
sale price for our Common Stock on Nasdaq on April 17, 2025. The final offering price will be determined through negotiation between us
and the Placement Agent (as defined below) in the offering, may be at a discount to the current market price, and the recent market price
used throughout this preliminary prospectus may not be indicative of the actual offering price.

Our Common Stock is listed on the Nasdaq Capital Market under the symbol
“FLYE.” On April 17, 2025, the closing trading price for our Common Stock, as reported on The Nasdaq Stock Market LLC (the
“Nasdaq”), was US$0.44 per share. The Warrants offered hereby are not listed on any stock exchange or any trading system,
and we do not expect a market for the Warrants to develop.

We have retained American Trust
Investment Services, Inc., LLC to act as our exclusive placement agent (the “Placement Agent” or “ATIS”) in connection
with this offering. The Placement Agent has no obligation to buy any of the securities from us or to arrange for the purchase or sale
of any specific number of dollar amount of securities. The Placement Agent is arranging for the sale of Common Stock and accompanying
Warrants offered in this prospectus on a “best-efforts” basis and such Common Stock and accompanying underlying the Warrants
are not being offered on a firm commitment by the Placement Agent. The offering will terminate on [●], 2025, unless completed sooner
or unless we decide to terminate the offering (which we may do at any time in our discretion) prior to that date. We will deliver all
securities to be issued in connection with this offering delivery versus