Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 109

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 109
---
68.5 | % |     |                        | 27.6 | % |

| (1) | Based on 24,587,500 shares of Common Stock outstanding As of May 1, 
 2025.                                                               |

We are not aware of any arrangement that may, at a subsequent date, result in a change of control of our Company. 71 Description of Securities TO BE REGISTERED The following description of the material terms of our securities and the provisions of our amended and restated certificate of incorporation and our amended and restated bylaws, are summaries and are qualified by reference to such documents. We have filed copies of these documents with the SEC as exhibits to this registration statement of which this prospectus forms a part, which are incorporated by reference herein. Authorized Capital Stock Our amended and restated certificate of incorporation, as amended, authorizes us to issue up to 300,000,000 shares of Common Stock and 10,000,000 shares of preferred stock. As of the date of this prospectus, we have 24,587,500 shares of Common Stock and no preferred stock issued and outstanding. Common Stock Shares of our Common Stock have the following rights, preferences and privileges: Voting Each holder of Common Stock is entitled to one vote for each share of Common Stock held on all matters submitted to a vote of stockholders. Any action at a meeting at which a quorum is present will be decided by a majority of the voting power present in person or represented by proxy, except in the case of any election of directors, which will be decided by a plurality of votes cast. There is no cumulative voting. Dividends Holders of our Common Stock are entitled to receive dividends when, as and if declared by our board of directors out of funds legally available for payment, subject to the rights of holders, if any, of any class of stock having preference over the Common Stock. Any decision to pay dividends on our Common Stock will be at the discretion of our board of directors. Our board of directors may or may not determine to declare dividends in the future. The board’s determination to issue dividends will depend upon our profitability and financial condition any contractual restrictions, restrictions imposed by applicable law and the SEC, and other factors that our board of directors deems relevant. Liquidation Rights In the event of a voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of our Common Stock will be entitled to share ratably on the basis of the number of shares held in any of the assets