Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 9

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 9
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 a range of 1 -for-2to 1 -for-15, with such ratio to be determined in the discretion of the board of directors of the Company and with such action to be effected at such time and date, if at all, as determined by the board of directors of the Company within one year after the conclusion of the special meeting. On April 2, 2025, Nasdaq notified us that, although the Company has not regained compliance with the minimum bid price requirement, the Company is eligible to receive an additional 180 calendar day period or until September 29, 2025, to regain compliance with the minimum bid price requirement, pursuant to Nasdaq Listing Rule 5810(c)(3)(A). We will monitor the closing bid price of our Common Stock and may, if appropriate, implement a reverse share split of our Common Stock, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. On April 25, 2025, the Company held a special meeting of stockholders. At the special meeting, the Company’s stockholders approved the issuance of securities in one or more non -publicofferings where the maximum discount at which securities will be offered will be equivalent to a discount of up to 50% below the market price of the Company’s Common Stock, as required by and in accordance with Nasdaq Marketplace Rule 5635(d). Our History and Corporate Structure We initially started our business in 2018 as Ctate Inc. (“Ctate”), a New York corporation. Our business has experienced rapid growth since then and we opened multiple retail stores within a short period of time. In the interest of efficient management, each retail store was managed by a separate company wholly owned by Ctate. Fly E -Bikewas a wholly owned subsidiary of Ctate incorporated on August 22, 2022. On September 12, 2022, Ctate and Fly E -Bikeentered 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. Fly -EGroup, Inc. (“Fly -EGroup”), a Delaware corporation, was incorporated on November 1, 2022. On December 21, 2022, Fly E -Bike, the stockholders of Fly E -Bikeand Fly -EGroup entered into a Share Exchange Agreement, pursuant to which Fly -EGroup acquired all of the issued and outstanding shares