Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 207

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 207
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 not anticipate paying any cash dividends on our common stock in the foreseeable
future.

We have never declared or
paid any cash dividends or distributions on our capital stock. We currently intend to retain our future earnings, if any, to support
operations and to finance expansion and therefore we do not anticipate paying any cash dividends on our common stock in the foreseeable
future.

The declaration, payment
and amount of any future dividends will be made at the discretion of the board of directors, and will depend upon, among other things,
the results of our operations, cash flows and financial condition, operating and capital requirements, and other factors as the board
of directors considers relevant. There is no assurance that future dividends will be paid, and, if dividends are paid, there is no assurance
with respect to the amount of any such dividend. As a result, investors will be reliant upon capital appreciation for any returns on
their investment in the shares of our common stock.

Future sales of our common stock in the
public market could reduce our stock price, and any additional capital raised by us through the sale of equity or convertible securities
may dilute your ownership in us.

As of July 15, 2025, there
are 3,432,000shares of restricted common stock, which constitute approximately 32.3% of our outstanding common stock, may be eligible
for sale pursuant to Rule 144 at various times, subject to limitations provided by Rule 144 and lock-up agreements which our stockholders,
including our directors and officers, who hold 3,366,000shares have signed lock-ups for period of 180 days from the closing of the registered
direct offering, which expires on December 1, 2025, release from the lock-up restriction at the discretion of the placement agent for
the registered direct offering. If placement agent for the registered direct offering waives or releases parties to the lock-up, the
market price for our common stock could be adversely impacted.

We intend to file a registration
statement with the SEC on Form S-8 providing for the registration of shares of our common stock issued or reserved for issuance
under our equity incentive plan or pursuant to stock options. Subject to the satisfaction of vesting conditions and the expiration of
lock-up agreements, shares registered under the registration statement on Form S-8 will be available for resale immediately in the
public market without restriction other than those restrictions imposed on sales by affiliates pursuant to Rule 144.

We cannot predict the size
of future issu