Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 34

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 34
---
.0 | % |     |                        | 12.1 | % |
| Directors and Officers as a group (seven persons) |     |              | 16,830,000 |     |                        | 68.5 | % |     |                        | 27.6 | % |

| (1) | Based on 24,587,500 shares of Common Stock outstanding as of April 
 17, 2025.                                                          |

We are not aware of any arrangement that
may, at a subsequent date, result in a change of control of our Company.

<div align='center'>17

Description of Securities TO BE REGISTERED</div>

The following description of the material terms of our securities are not complete and are subject to and qualified in its entirety by reference to and the provisions of our amended and restated certificate of incorporation, as amended and our amended and restated bylaws, copies of which are filed as exhibits to our 2024 Annual Report on Form 10-K and the certificate of amendment of amended and restated certificate of incorporation, copy of which is filed as an exhibit to our current report on Form 8-K on March 14, 2025, and forms of securities, copies of which are filed as exhibits to the registration statement of which this prospectus forms a part, which are incorporated by reference herein.

Authorized Capital Stock

Our amended and restated certificate of incorporation, as amended, authorizes us to issue up to 300,000,000 shares of Common Stock and 10,000,000 shares of preferred stock. As of the date of this prospectus, we have 24,587,500 shares of Common Stock and no preferred stock issued and outstanding.

Common Stock

Shares of our Common Stock
have the following rights, preferences and privileges:

Voting

Each holder of Common Stock
is entitled to one vote for each share of Common Stock held on all matters submitted to a vote of stockholders. Any action at a meeting
at which a quorum is present will be decided by a majority of the voting power present in person or represented by proxy, except in the
case of any election of directors, which will be decided by a plurality of votes cast. There is no cumulative voting.

Dividends

Holders of our Common Stock
are entitled to receive dividends when, as and if declared by our board of directors out of funds legally available for payment, subject
to the rights of holders, if any, of any class of stock having preference over