Company: FLYE
Filing Date: 2025-09-05
Form Type: DEF 14A
Source: 0001213900-25-084978
Chunk: 14

Company: Fly-E Group, Inc.
Filing Date: 2025-09-05
Form: DEF 14A
Chunk 14
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 for a reverse stock split is
1-for-20.

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For the purposes of providing
examples of the effect of the Reverse Split on our common stock, the following table contains approximate information (without accounting
for the settlement of fractional shares), based on share information as of the Record Date, of the effect of a Reverse Split at certain
ratios within the range of the proposed Reverse Split ratios on the number of shares of our common stock authorized, outstanding, and
not outstanding.

| Name and Position       |     | Number of    
 Shares of    
 Common Stock 
 Issued and   
 Outstanding  |            |
| Pre-Reverse Split       |     |              | 18,897,030 |
| Post-Reverse Split 1:2  |     |              |  9,448,515 |
| Post-Reverse Split 1:5  |     |              |  3,779,406 |
| Post-Reverse Split 1:10 |     |              |  1,889,703 |
| Post-Reverse Split 1:20 |     |              |    944,851 |

The Reverse Split would be
effected simultaneously for all of our issued and outstanding shares of common stock, and the exchange ratio would be the same for all
issued and outstanding shares of common stock. The Reverse Split would affect all holders of the issued and outstanding shares of common
stock uniformly and would not affect any stockholder’s percentage ownership interest in the Company. Common stock issued pursuant
to the Reverse Split would remain fully paid and non-assessable. We will not issue any fractional shares as a result of the Reverse Split
and in lieu thereof, any stockholders that would otherwise be entitled to receive a fractional share will be entitled to have their post-Reverse Split
share amount rounded up to the nearest whole share (which we describe below). Each stockholder will hold the same percentage of common
stock immediately following the Reverse Split as such stockholders held immediately prior to the Reverse Split other than the nominal
effect of the treatment of fractional shares.

Effect on the Preferred Stock

The Reverse Split, if implemented,
would not affect the total authorized number of shares of the preferred stock or the par value of shares of the preferred stock.

Effect on Equity Compensation Arrangements

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, the per
share exercise price of