Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 15

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 15
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 shares would be increased
proportionately, and the number of shares issuable under outstanding stock options, restricted stock units, performance share units and
all other outstanding equity-based awards would be reduced proportionately. The number of shares of common stock authorized for future
issuance under our equity plan would be proportionately reduced and other similar adjustments would be made under the equity plans to
reflect the Reverse Split. In addition, the performance targets to which our performance-based restricted stock units (“PSUs”)
are subject, including certain stock price targets, would be proportionally adjusted based on the Reverse Split ratio selected by the
Board. In addition, the number of shares of common stock available for issuance under our equity incentive plans will be proportionately
adjusted for the Reverse Split ratio, such that fewer shares will be subject to the equity incentive plans.

Effect on Warrants and Convertible Notes

If the Reverse Split Proposal
is approved by our stockholders and the Board decides to implement the Reverse Split, as of the Reverse Split Effective Time:

| ● | all outstanding warrants will be adjusted in accordance with                                                                            
 their terms, which will result in the number of shares issuable upon exercise of any such warrant being rounded up to the nearest whole 
 share and proportionate adjustments will be made to the exercise price; and                                                             |

| ● | all outstanding convertible notes will have adjustments to the                            
 conversion rate and the conversion price made proportionate with the Reverse Split ratio. |

This will result in approximately
the same aggregate price being required to be paid under such securities upon exercise or conversion, and approximately the same value
of shares of common stock being delivered upon such exercise or conversion, immediately following the Reverse Split as was the case immediately
preceding the Reverse Split. The number of shares reserved for issuance pursuant to these securities will be proportionately adjusted
based on the Reverse Split ratio.

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Effect on Market Capitalization

In addition, the Reverse Split
will not itself immediately affect our overall market capitalization, i.e., our market capitalization immediately before the Reverse Split
will be the same as immediately after the Reverse Split, except as a result of any rounding up of fractional shares as described below.
However, if our trading price increases or declines over time following the Reverse Split, we will have a higher or lower market capitalization
depending on that trading price.

Effect on Exchange Act Reporting and CUSIP

After the Reverse Split Effective
Time, we would continue to be subject to periodic reporting and