Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 45

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 45
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 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 issuances of our common stock or securities convertible into common stock or the effect, if any, that future issuances and
sales of shares of our common stock will have on the market price of our common stock. Sales of substantial amounts of our common stock
(including shares issued in connection with any acquisition we may make), or the perception that such sales, including sales by our existing
stockholders pursuant to Rule 144, could occur, may adversely affect prevailing market prices of our common stock.

29

Because our directors and executive officers
own or have the right to vote approximately 18.7% of our outstanding common stock, they may be able to elect all directors, approve
all matters requiring stockholder approval and block any action which may be beneficial to stockholders. 

As of July 15, 2025, our
directors and executive officers beneficially own approximately 18.7% of our outstanding common stock. Our bylaws provide that a majority
of the aggregate voting power of the stock issued and outstanding and entitled to vote constitutes a quorum for a meeting of stockholders.
As a result, they may have the ability to elect all of our directors and to approve actions requiring stockholder approval as well as
to prevent any action from being taken which they oppose even if such action would benefit stockholders.

Delaware law and provisions in our amended
and restated certificate of incorporation and bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing
the trading price of our common stock.

Our amended and restated
certificate of incorporation (as amended) and bylaws contain provisions that could depress the trading price of our common stock by acting
to discourage, delay or