Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 157

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 157
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 which requires weekly repayments of $70,000. From April 29 to July 15, 2025, the Company
paid $372,500 on principal and interest of the loan.

On May 1, 2025, the Company sold three subsidiaries:
ARFY CORP., FLY GC INC., and ESEBIKE INC to third-party individuals. The consideration determined was $156,517. As of July 15, 2025, the Company did not receive any consideration from the third-party
individuals.

On June 1, 2025, the Company sold two subsidiaries:
UFOTS CORP and FLYCORONA INC to third-party individuals. The consideration determined was $60,207. As of July 15, 2025, the Company did not receive any consideration from the third-party
individuals.

On June 4, 2025, the Company issued 5,719,111
shares of common stock, at a price of $1.2140 per share in its second public offering. The gross proceeds of the offering were $6.9 million,
prior to deducting the placement agent’s fees and offering expenses payable by the Company. Each share of common stock was sold
together with two warrants, with each warrant to purchase one share of common stock. Each warrant is exercisable immediately with an exercise
price equal to 120% of the offering price ($1.4565 per share) and expires on the fifth anniversary of the issuance date, subject to certain
adjustments.

On June 10, 2025, the Company paid off the short-term
loan of $255,000 from AOWINV LLC.

On June 23, 2025, a total of 19 subsidiaries of
the Company obtained short-term loans from Strip Inc. with an aggregate principal amount of $379,900. The loan terms vary across subsidiaries,
with repayment periods ranging from 42 weeks to 12 months. Repayment schedules differ by agreement and include both weekly and monthly
installment options. The stated annual interest rates range from 12.0% to 22.8%.

On July 1, 2025, the Company sold three subsidiaries:
OFLYO INC, FLYCYCLE INC, and FLYBX2381 INC to third-party individuals. The consideration determined was $106,647. As of July 15, 2025,
the Company did not receive any consideration from the third-party individuals.

On July 3