Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 210

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 210
---
 with Nasdaq’s continued listing requirements. On October 2, 2024, we received written
notice from Nasdaq indicating that the bid price for our common stock for the last 31 consecutive business days, had closed below
the minimum $1.00 per share and, as a result, we are not in compliance with the $1.00 minimum bid price requirement for the continued
listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2).

In accordance with Nasdaq
Listing Rule 5810(c)(3)(A), we have a period of 180 calendar days, or until March 31, 2025, to regain compliance with
the minimum bid price requirement. To regain compliance, the closing bid price of our common stock must meet or exceed $1.00 per share
for a minimum of 10 consecutive business days during this 180 day period. On April 2, 2025, Nasdaq notified us that, although
the Company has not regained compliance with the minimum bid price requirement, the Company is eligible to receive an additional 180
calendar day period or until September 29, 2025, to regain compliance with the minimum bid price requirement, pursuant to Nasdaq
Listing Rule 5810(c)(3)(A). We will monitor the closing bid price of our common stock and may, if appropriate, consider implementing
available options, including, but not limited to, implementing a reverse share split of our common stock, to regain compliance with the
minimum bid price requirement under the Nasdaq Listing Rules. On June 16, 2025, our board of directors approved a one-for-five (1:5)
reverse stock split of our issued and outstanding shares of common stock. On July 3, 2025, we filed with the Secretary of State of the
State of Delaware a Certificate of Amendment to our Certificate of Incorporation to effect the 2025 Reverse Stock Split. The 2025 Reverse
Stock Split became effective on July 3, 2025, and our common stock began trading on a split-adjusted basis on Nasdaq on July 7, 2025.
However, there can be no assurance that we will be able to regain such compliance.

If Nasdaq delists our common
stock from trading on its exchange, we and our stockholders could face significant material adverse consequences including:

●limited availability
                                            of market quotations for our securities;

●a determination