Company: FLYE
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001213900-25-027258
Chunk: 11

Company: Fly-E Group, Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 11
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 should we seek to raise capital through any offerings. Why Approval is Needed Shares of our common stock issuable upon the exercise or conversion of warrants, options, debt instruments or other equity securities issued or granted in any such non -publicofferings will be considered shares issued in such a transaction in determining whether the 20% limit has been reached, and, therefore, it is likely that we will need to issue shares of common stock equal to or exceeding 20% of the number of shares of common stock outstanding immediately prior to entering into an agreement for such non -publicoffering, to be able to raise the capital we require. Accordingly, we seek your approval of Proposal No. 1 in order to satisfy the requirements of Rule 5635(d) in such event. Effect of Failure to Obtain Stockholder Approval If the stockholders do not approve this Proposal 1 at the Special Meeting, we could be unable to obtain sufficient financing to fund our operations, implement our business strategy and enhance our overall capitalization. As a result, we would need to seek alternative sources of financing, where stockholder approval is not required, in order to obtain the necessary funds. Any such alternative sources of financing may not be available to us or may not be available on commercially reasonable terms. No Appraisal Rights Under the Delaware General Corporation Law, our stockholders are not entitled to appraisal rights with respect to the issuance of securities in one or more non -publicofferings, and we will not independently provide our stockholders with any such rights. Vote Required The affirmative vote of a majority of the votes cast for this proposal is required to approve the issuance of securities in one or more non -publicofferings, as required by and in accordance with Nasdaq Marketplace Rule 5635(d).

| Board Recommendation                                                                                    
 The Board of Directors recommends a vote FOR the approval of the Equity Issuance Proposal (Proposal 1). |

PLEASE NOTE: If your shares are held in street name, your broker, bank, custodian or other nominee holder cannot vote your shares for Proposal No. 1, unless you direct the holder how to vote, by marking your proxy card, or by following the instructions on the enclosed proxy card to vote on the Internet.

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PROPOSAL NO. 2 THE ADJOURNMENT PROPOSAL Overview Proposal No. 2 (the “Adjournment Proposal”), if adopted, will allow the Board to adjourn the Special Meeting to a later date or dates to permit further solicitation of proxies. The Adjournment