Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 192

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 192
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 of $1,800,000 from He’s Realty Holdings LLC with an annual interest rate of 6.5%. The principal amount shall be paid to He’s Realty Holdings LLC in one or more installments on or before August 11, 2025, and during the one -yearborrowing period, AOFL LLC only needs to pay interest of $9,750 to He’s Realty Holdings LLC on a monthly basis. The collateral provided was the office purchased by AOFL LLC. The loan was paid off in full on November 29, 2024. For the nine months ended December 31, 2024 and 2023, the total interest expenses on the Company’s outstanding loans amounted to $247,550 and $82,150, respectively. 9 — STOCKHOLDER’S EQUITY Prior to the effectiveness of the stock split discussed below, the Company was authorized to issue 400shares of common stock having a par value of $0.01 per share and 40shares of preferred stock having a par value of $0.01 per share. There were 200shares of common stock were issued and outstanding prior to the effectiveness of the stock split. F-55

FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 9 — STOCKHOLDER’S EQUITY (cont.) On March 27, 2024, the Company’s board of directors approved a 1 -for-110,000 stock split of the Company’s capital stock. The stock split became effective on April 2, 2024. The par value of the Company’s common stock remained unchanged at $0.01 per share, and the number of authorized shares of the Company’s capital stock was increased from 440 to 48,400,000, with the number of authorized shares of common stock and preferred stock being increased from 400 to 44,000,000 and from 40 to 4,400,000, respectively. On June 7, 2024, the Company completed its initial public offering and issued 2,250,000shares of common stock, at a price of $4.00 per share. The gross proceeds of the offering were $9.0 million, prior to deducting the underwriting discounts, commissions and offering expenses payable by the Company. In addition, the Company granted the underwriters a 30 -dayoption to purchase an additional 337,500shares of common stock at the initial public offering