Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 137

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 137
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 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYBX745 INC.        |     | •   A New York corporation            
 •   Incorporated on June 15, 2023     
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYJH8509 INC.       |     | •   A New York corporation            
 •   Incorporated on August 30, 2023   
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYBX2381 INC.       |     | •   A New York corporation            
 •   Incorporated on August 30, 2023   
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYNJ4 INC.          |     | •   A New York corporation            
 •   Incorporated on October 4, 2023   
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYTORONTO Corp.     |     | •   A Toronto corporation             
 •   Incorporated on October 18, 2023  
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYLA INC.           |     | •   A California corporation          
 •   Incorporated on December 1, 2023  
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |

Liquidity As of March 31, 2024, the Company had working capital of approximately $0.34 million and cash of approximately $1.4 million. The Company had net income of approximately $1.9 million and $1.4 million for the years ended March 31, 2024 and 2023, respectively. On June 7, 2024, the Company closed the IPO of 2,250,000shares of the common stock at the price of $4.00 per share, resulting in net proceeds to the Company of $7.9 million after deducting underwriting discounts and commissions and offering expenses. On June 25, 2024, the Company sold an additional 337,500shares of common stock to the underwriters of the IPO for gross proceeds of $1.4 million upon full exercise of