Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 13

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 13
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 stock. Odd lot
shares may be more difficult to sell, and brokerage commissions and other costs of transactions in odd lots are generally somewhat higher
than the costs of transactions in “round lots” of even multiples of 100 shares. Accordingly, the Reverse Split may not
achieve the desired results of increasing marketability of our common stock as described above.

You should also keep in mind
that the implementation of the Reverse Split does not have an effect on the actual or intrinsic value of our business or a stockholder’s
proportional ownership in the Company (subject to the treatment of fractional shares). However, should the overall value of common stock
decline after the proposed Reverse Split, then the actual or intrinsic value of the shares of common stock held by you will also proportionately
decrease as a result of the overall decline in value.

The Board considered all of
the foregoing factors and determined that seeking stockholder approval for the Reverse Split Proposal is in the best interests of the
Company and the stockholders.

If the Reverse Split Proposal Is Not Approved

If the Reverse Split Proposal
is not approved at the Special Meeting, the Charter will not be amended to effect the Reverse Split. The failure to obtain approval of
the Reverse Split Proposal would likely result in our common stock becoming delisted by Nasdaq. Delisting of our common stock by Nasdaq
may hinder our ability to raise financing and may materially adversely affect our business operations and results of operations.

If the Reverse Split Proposal Is Approved

If this Reverse Split Proposal
is approved and the Board elects to implement the Reverse Split, the number of outstanding shares of common stock will be reduced in proportion
to the ratio of the Reverse Split chosen by the Board.

Effects on Our Common Stock

Depending on the ratio for
a Reverse Split determined by the Board, a minimum of two (2) and a maximum of twenty (20) shares of existing common stock
would be combined into one new share of common stock. Based on 18,897,030 shares of common stock issued and outstanding as of the
Record Date, immediately following a reverse stock split the Company would have approximately 9,448,515 shares of common stock issued
and outstanding (without giving effect to rounding for fractional shares) if the ratio for a reverse stock split is 1-for-2, and 944,851 shares
of common issued and outstanding (without giving effect to rounding for fractional shares) if the ratio for a reverse stock split is
1-for-20.

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