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

Company: Fly-E Group, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 11
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20% limit has been reached, and, therefore, it is likely that we will need to issue shares of common stock equal to or exceeding 20% of the number of shares of common stock outstanding immediately prior to entering into an agreement for such non -publicoffering, to be able to raise the capital we require. Accordingly, we seek your approval of Proposal No. 1 in order to satisfy the requirements of Rule 5635(d) in such event. Effect of Failure to Obtain Stockholder Approval If the stockholders do not approve this Proposal 1 at the Special Meeting, we could be unable to obtain sufficient financing to fund our operations, implement our business strategy and enhance our overall capitalization. As a result, we would need to seek alternative sources of financing, where stockholder approval is not required, in order to obtain the necessary funds. Any such alternative sources of financing may not be available to us or may not be available on commercially reasonable terms. No Appraisal Rights Under the Delaware General Corporation Law, our stockholders are not entitled to appraisal rights with respect to the issuance of securities in one or more non -publicofferings, and we will not independently provide our stockholders with any such rights. Vote Required The approval of the Proposal No. 1 requires the affirmative vote of a majority of the votes cast in person or represented by proxy at the Special Meeting.

| Board Recommendation                                                             
 The Board of Directors recommends a vote FOR the approval of the Proposal No. 1. |

PLEASE NOTE: If your shares are held in street name, your broker, bank, custodian or other nominee holder cannot vote your shares for Proposal No. 1, unless you direct the holder how to vote, by marking your proxy card, or by following the instructions on the enclosed proxy card to vote on the Internet.

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PROPOSAL NO. 2 THE ADJOURNMENT PROPOSAL Overview Proposal No. 2 (the “Adjournment Proposal”), if adopted, will allow the Board to adjourn the Special Meeting to a later date or dates to permit further solicitation of proxies. The Adjournment Proposal will only be presented to the Company’s stockholders, in the event that, notwithstanding management’s having used commercially reasonable efforts to obtain the approval of the stockholders to Proposal No.1, based upon the tabulated vote at the time of the Special Meeting there are insufficient votes for, or otherwise in connection with, the approval of Proposal No. 1. Consequences if the Adjournment Proposal is