Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 46

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 46
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 Common Stock outstanding. As of December 31, 2024, our net tangible book value as of December 31, 2024, was approximately $12.6 million, or $0.5100 per share of Common Stock. After giving effect to the sale by us of 85,786,659shares of Common Stock (including Common Stock underlying Warrants) at the offering price of $0.2428 per share of Common Stock, and after deducting the Placement Agent’s discounts and commissions and offering expenses, our as adjusted net tangible book value as of December 31, 2024, would have been approximately $18.6 million, or $0.3500 per share. This represents an immediate decrease in pro forma net tangible book value of approximately $(0.1600) per share to our existing stockholders, and an immediate dilution of approximately $(0.1072) 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:

| Offering price per share of Common Stock                                                                 
 Net tangible book value per share as of December 31, 2024                                                |     | Offering with  
 no exercise of 
 Warrants       |  0.2428 
  0.5100 |   |
|:---------------------------------------------------------------------------------------------------------|:----|:---------------|--------:|:--|
| Decrease in net tangible book value per share to the existing stockholders attributable to this offering |     |                | (0.1600 | ) |
| Pro forma net tangible book value per share after giving effect to this offering                         |     |                |  0.3500 |   |
| Dilution in net tangible book value per share to new investors                                           |     | $              | (0.1072 | ) |

The following tables set forth, as of December 31, 2024, the number of shares of Common Stock purchased from us, the total consideration paid to us and the average price per share paid by the existing holders of our Common Stock and the price to be paid by new investors at the offering price.

|                            |     | Shares Purchased 
           Number |     | Percent |   |     | Total Consideration 
 Amount              |            |     | Percent |   |     | Average   
 Price     
 Per Share |        |
|:---------------------------|:----|-----------------:|:----|--------:|:--|:----|