Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 136

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 136
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 are mainly in the United States of America (the “U.S.”). As of June 27, 2024, the Company has opened a total of 40 stores, including 39 stores in the U.S and one store in Canada. The Company also operates one online store, focusing on selling E -motorcycles, E -bikes, and E -scooters. The Company plans to open another online store focusing on selling gas bikes in the future. The Company’s business was initially operated under Ctate Inc. (“Ctate”), a corporation formed under the laws of the State of New York in 2018. Before merging with Fly E -Bike, Ctate owned 27 companies, each of which operated a Fly E -Bikestore. On September 12, 2022, Ctate and Fly E -Bike, which was a wholly -ownedsubsidiary of Ctate, entered into an Agreement and Plan of Merger, pursuant to which Ctate merged into and with Fly E -Bike, with Fly E -Bikebeing the surviving corporation (the “Merger”). As a result of the Merger, the original shareholders of Ctate became the stockholders of Fly E -Bikeand subsequently effectively controlled the combined entity. On December 21, 2022, Fly -EGroup and Fly E -Bikeentered into a Share Exchange Agreement, pursuant to which Fly -EGroup acquired all of the issued and outstanding shares of Fly E -Bikeby issuing its shares to the stockholders of Fly E -Bikeon a one -for -onebasis (the “Share Exchange”). As a result of the Share Exchange, Fly E -Bikebecame a wholly owned subsidiary of Fly -EGroup. As a result of the Merger and the Share Exchange, Fly E -Bikeand its subsidiaries are under common control of Fly -EGroup, resulting in the consolidation of Fly E -Bikeand its subsidiaries, which was accounted as a reorganization of entities under common control at carrying value. The consolidated financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the consolidated financial statements of Fly -EGroup. The consolidated financial statements include the financial statements of the Company and each of the following subsidiaries as of March 31, 2024.

| Name               
 FLY-E GROUP, INC.  
 FLY EV, INC.       |     | Background                            
 •   A Delaware corporation