Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 12

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 12
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 potential investors, we cannot assure you that, if implemented, our common stock will
be more attractive to investors. Even if we implement the Reverse Split, the market price of our common stock may decrease due to factors
unrelated to the Reverse Split, including our future performance.

If the Reverse Split is consummated and the trading
price of our common stock declines, the percentage decline as an absolute number and as a percentage of our overall market capitalization
may be greater than would occur in the absence of the Reverse Split.

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We may not satisfy Nasdaq continued listing requirements following the Reverse Split.While we intend to monitor the average closing
price of our common stock and consider available options if it does not continue to trade at a level likely to result in us maintaining
compliance, no assurances can be made that we will in fact be able to comply and that our common stock will remain listed on the Nasdaq
Capital Market. In addition, Nasdaq Listing Rule 5810(c)(3)(A)(iv) states that if a listed company that fails to meet the minimum
bid price requirement after effecting a reverse stock split over the prior one-year period or effecting one or more reverse stock
splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the company is not eligible
for an additional 180 day compliance period. If our common stock ultimately were to be delisted from the Nasdaq Capital Market for
any reason, in addition to the effects noted above under “— Reasons for the Reverse Split Proposal — Maintain Listing on Nasdaq,” it could negatively impact us as it would likely reduce the liquidity and market price of our common stock;
reduce the number of investors willing to hold or acquire our common stock; negatively impact our ability to access equity markets, issue
additional securities and obtain additional financing in the future; affect our ability to provide equity incentives to our employees;
and might negatively impact our reputation and, as a consequence, our business.

The proposed Reverse Split may decrease the liquidity of our common stock and result in higher transaction costs.The liquidity
of our common stock may be negatively impacted by the Reverse Split, given the reduced number of shares that would be outstanding after
the Reverse Split, particularly if the stock price does not increase as a result of the Reverse Split. In addition, if the Reverse Split
is implemented, it may result in some stockholders owning “odd lots” of fewer than 100 shares of common