Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 16

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 16
---
 other requirements of the Exchange Act, and our common stock would
continue to be listed on Nasdaq under the symbol “FLYE.”

After the Reverse Split Effective
Time, the post-Reverse Split shares of common stock would have a new CUSIP number, which is a number used to identify our equity
securities.

Effective Time of Reverse Split

The Reverse Split Proposal,
if approved by stockholders, would become effective upon the date determined by the Board and, if required by law or otherwise deemed
advisable by the Board, upon the filing of the Reverse Split Amendment with the Secretary of State of the State of Delaware. However,
the exact timing of the filing of the Reverse Split Amendment will be determined by the Board based on its evaluation as to when such
action will be the most advantageous to the Company and our stockholders. In addition, the Board reserves the right to elect not to effect
the Reverse Split, if, at any time before the Reverse Split Effective Time, the Board determines, in its sole discretion, that implementing
the Reverse Split is not in the best interests of the Company and its stockholders. If the Board does not implement a Reverse Split on
or prior to the one-year anniversary of the conclusion of the Special Meeting, stockholder approval would again be required prior
to implementing any future reverse stock split and/or share reduction.

Except as to fractional shares,
at the Reverse Split Effective Time, the Reverse Split will combine, automatically and without any action on the part of us or our stockholders,
in the range of two (2) to twenty (20) shares of common stock issued (including shares of common stock held by the Company in treasury)
immediately prior thereto into one (1) share of common stock.

Treatment of Fractional Shares

To avoid having any fractional
shares of common stock (i.e., less than one full share of common stock) outstanding as a result of the Reverse Split, no fractional shares
will be issued in connection with the Reverse Split. Instead, we will issue one full share of the post-Reverse Split common stock
to any stockholder who would have been entitled to receive a fractional share as a result of the process. Each holder of shares of common
stock will hold the same percentage of the outstanding common stock immediately following the Reverse Split as that stockholder did immediately
prior to the Reverse Split, except for minor adjustments due to the additional net share fraction that will need to be issued as a result
of the treatment of fractional shares.

<div