Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1016

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 5
Chunk 1016
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Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Our common stock commenced
trading on the Nasdaq Capital Market on June 6, 2024 under the symbol “FLYE”.

Stockholders

As of July 15, 2025, we
had 26 stockholders of record.

Transfer Agent

VStock Transfer, LLC, 18
Lafayette Place, Woodmere, New York 11598, is the transfer agent for our common stock.

Dividends

We have never declared or
paid any cash or other dividends or distributions on our capital stock. We currently intend to retain earnings, if any, to finance the
growth and development of our business. We do not expect to pay any cash dividends on our common stock in the foreseeable future. Payment
of future dividends, if any, will be at the discretion of our board of directors and will depend on our financial condition, results
of operations, capital requirements, restrictions contained in any financing instruments, provisions of applicable law and other factors
the board deems relevant.

Item 6. [Reserved]

Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations

The following discussion of our financial condition
and results of operations should be read in conjunction with the financial statements and the notes thereto included in this annual report.
The following discussion contains forward-looking statements. Actual results could differ materially from the results discussed in the
forward-looking statements. See “Item 1A. Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements”.

Overview

We are an EV company that is principally engaged
in designing, installing and selling E-motorcycles, E-bikes, E-scooters and related accessories under the brand “Fly E-Bike.”
At Fly E-Bike, our commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately
contributing towards building a more environmentally friendly future.

Fly E-Bike was established in 2018 with its first
store opened in New York. Our business has grown rapidly since then and we are now one of the leading providers of E-bikes for food
delivery workers in New York City. As of July 15, 2025, we have 20 stores, including
19 retail stores in the U.S and one retail store in Canada. The Company offers rental services from selected locations in New York,