Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 21

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 21
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 and Results of Operations” and our consolidated financial statements and related notes included in our 2024 Annual Report and our 2024 Quarterly Reports, before making a decision to invest in our securities. Our business, operating results, financial condition, or prospects could be materially and adversely affected by any of these risks and uncertainties. If any of these risks actually occurs, the trading price of our Common Stock could decline and you might lose all or part of your investment. Our business, operating results, financial performance, or prospects could also be harmed by risks and uncertainties not currently known to us or that we currently do not believe are material.

Risks Related to This Offering, Our Business and Our Securities

We have broad discretion in the use of the net proceeds from this offering and may not use them effectively.

Our management will have broad
discretion in the application of the net proceeds, including for any of the purposes described in the section of this prospectus entitled
“Use of Proceeds.” You will be relying on the judgment of our management with regard to the use of these net proceeds,
and you will not have the opportunity, as part of your investment decision, to assess whether the net proceeds are being used appropriately.
The failure by our management to apply these funds effectively could result in financial losses that could have a material adverse effect
on our business, causing the price of our securities to decline and to repay loans. Pending the application of these funds, we may invest
the net proceeds from this offering in a manner that does not produce income or that loses value.

There can be no assurance that we will be able to comply with the continued listing standards of Nasdaq.

Our eligibility for listing on Nasdaq depends on
our ability to comply 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