Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 9

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 9
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 to this proxy statement as .

Our Board may determine, in
its sole discretion, whether to implement the Reverse Split, as well as its specific timing, provided that any amendment is implemented
within one year after the conclusion of the Special Meeting. If the stockholders approve the Reverse Split Proposal, the Board, in its
discretion, may elect to effect the Reverse Split, or the Board may determine in its discretion not to proceed with the Reverse Split
Proposal. The Reverse Split will only be effected after the Board (or a duly authorized committee of the Board) authorizes the filing
of the Reverse Split Amendment with the Secretary of State of the State of Delaware to effectuate the Reverse Split and upon the filing
and effectiveness of the Reverse Split Amendment (the “Reverse Split Effective Time”).

The form of the Reverse Split
Amendment is subject to amendment to include such changes as may be required by the office of the Secretary of State of the State of Delaware
or as the Board deems necessary and advisable to effect the Reverse Split, if any. The Board reserves the right to abandon the Reverse
Split Proposal without further action by our stockholders at any time before the Reverse Split becomes effective, even if stockholders
approve such amendment at the Special Meeting.

Reasons for the Reverse Split Proposal

The purpose of the Reverse
Split is to increase the market price of our common stock in order to mitigate the risk of our common stock being delisted from The Nasdaq
Capital Market. Nasdaq has several continued listing criteria that companies must satisfy in order to remain listed on the exchange. Nasdaq
Listing Rule 5550(a)(2) requires that companies maintain a closing bid price that is greater than or equal to $1.00 per share.

Our Board believes that effecting
the Reverse Split would, among other things, help the Company to (1) increase the per share price of our common stock, (2) maintain
the listing of our common stock on Nasdaq, and (3) potentially improve the marketability and liquidity of our common stock.

Increase the Per-Share Price of our Common Stock.The primary purpose for effecting the Reverse Split, should the Board choose to effect
it, would be to increase the per share price of our common stock. In determining to seek authorization for the Reverse Split Proposal,
the Board considered that, by combining a number of pre-split shares into one share of common stock, the market price of a post-split share
is generally greater than the market price of a pre