Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 49

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 49
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 would increase (decrease) cash and cash equivalents, additional paid-in capital and total stockholders’ equity by approximately $1.6 million, assuming the assumed offering price remains the same, and after deducting the Placement Agent’s discounts and commissions and other offering expenses. The as adjusted information discussed above is illustrative only and will be adjusted based on the actual offering price and other terms of this offering determined at pricing. The above discussion is based on 24,587,500 shares of our Common Stock outstanding as of December 31, 2024 and excludes, as of that date, the following:

| ● | 129,375 shares of Common Stock issuable upon the exercise of the IPO Representative’s Warrants; |
| ● | shares of Common Stock underlying the Warrants to be issued in connection                       
 with this offering; and                                                                         |
| ● | 3,700,000  shares of Common Stock reserved for future grants of                                 
 equity-based awards under our equity incentive plan.                                            |

Dilution If you purchase our securities in this offering, your interest may be diluted immediately to the extent of the difference between the offering price per share of Common Stock and accompanying Warrants you will pay in this offering and the as adjusted net tangible book value per share of our Common Stock after this offering. Net tangible book value per share represents our total tangible assets less total liabilities, divided by the number of shares of our Common Stock outstanding. As of December 31, 2024, our net tangible book value as of December 31, 2024, was approximately $12.6 million, or $0.51 per share of Common Stock. After giving effect to the sale by us of 114,285,714 shares of Common Stock (including Common Stock underlying Warrants) at an assumed offering price of $0.21 per share of Common Stock, and after deducting the Placement Agent’s discounts and commissions and other offering expenses, our as adjusted net tangible book value as of December 31, 2024, would have been approximately $19.6 million, or $0.31 per share. This represents an immediate decrease in pro forma net tangible book value of approximately $(0.20) per share to our existing stockholders, and an immediate dilution of approximately $(0.10) per share to purchasers of shares in this offering, as illustrated in the following table: The following table illustrates this dilution on a per share basis to new investors:

| Assumed offering price per share of Common Stock