Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 152

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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10, 2025, the Company held a special
meeting of stockholders. At the special meeting, the stockholders approved a proposal to amend the Company’s amended and restated
certificate of incorporation to effect a reverse stock split of the Company’s issued and outstanding shares of common stock, par
value $0.01 per share, by a ratio in the range of 1-for-2 to 1-for-15, with such ratio to be determined in the discretion of the board
of directors of the Company and with such action to be effected at such time and date, if at all, as determined by the board of directors
within one year after the conclusion of the special meeting.

On June 16, 2025, the board of directors approved
a one-for-five (1:5) reverse stock split of the Company’s issued and outstanding shares of common stock (the “2025 Reverse
Stock Split”). On July 2, 2025, the Company filed with the Secretary of State of the State of Delaware the Second Certificate of
Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the 2025 Reverse Stock Split. The
2025 Reverse Stock Split became effective as of 5:00 p.m., Eastern Time, on July 3, 2025, and the Company’s common stock began trading
on the Nasdaq Stock Market on a split-adjusted basis on July 7, 2025.

After the 2025 Reverse Stock Split, every five
(5) shares of the Company’s issued and outstanding common stock have been automatically converted into one share of common stock,
without any change in the par value per share. In addition, (i) a proportionate adjustment has been made to the per share exercise price
and the number of shares issuable upon the exercise of all outstanding warrants to purchase shares of common stock, and (ii) the number
of shares reserved for issuance pursuant to the Company’s stock incentive plan has been reduced proportionately. Any fraction of
a share of common stock created as a result of the 2025 Reverse Stock Split was rounded up to the nearest whole share. The Company’s
common stock continues to trade on the Nasdaq Capital Market under the symbol “FLYE.”

Unless otherwise noted, the share and per share
information in this report reflects the 2025 Reverse Stock Split.

Registered Direct Offering

On June 2, 2025, we closed our registered direct offering of an