Company: FLYE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031090
Chunk: 9

Company: Fly-E Group, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 9
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 of the number of shares of our common outstanding immediately prior to entering into an agreement for such potential financing, and which would trigger the requirement to obtain stockholder approval, pursuant to Rule 5635(d), we are seeking stockholder approval now, so that we will be able to move quickly to take full advantage of any opportunities that may develop for us to raise such capital. We hereby submit this Proposal 1 to our stockholders for their approval of the potential issuance of shares of our common stock, or securities convertible into our common stock, in one or more non -publiccapital -raisingtransactions, or offerings, subject to the following limitations: •The aggregate number of shares of our common stock issued in the offerings will not exceed 120,000,000shares of our common stock, which may be issued in any combination of common stock and/or equity linked securities, subject to adjustment for any reverse stock split of our shares of common stock (a “Reverse Stock Split”) effected prior to the offerings; •The total aggregate consideration will not exceed $8 million; •The maximum discount at which securities will be offered (which may consist of a share of common stock and a warrant exercisable for the issuance of up to an additional share of common stock) will be equivalent to a discount of up to 50% below the market price of our common stock at the time of issuance in recognition of the historical volatility making the pricing discount of our common stock required by investors at any particular time difficult, at this time, to predict. •Such offerings will occur, if at all, within three (3) months from the stockholder approval; and •Such other terms as the Board of Directors shall deem to be in the best interests of the Company and its stockholders, not inconsistent with the foregoing. Notwithstanding the foregoing, we will not sell securities to any officers, directors, or employees of the Company, or any consultants who perform services for the Company, in any such non -publiccapital -raisingtransactions or offerings, at a price that is less than the lower of (i) the Nasdaq Official Closing Price (as reflected on Nasdaq.com) immediately preceding the signing of a binding agreement, in connection with such capital -raisingtransactions or offerings or (ii) the average Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of a binding agreement, in connection with such capital -raisingtransactions or offerings. The issuance of shares of our common stock, or other securities convertible