Company: FLYE
Filing Date: 2025-08-26
Form Type: PRE 14A
Source: 0001213900-25-080827
Chunk: 10

Company: Fly-E Group, Inc.
Filing Date: 2025-08-26
Form: PRE 14A
Chunk 10
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-split share. However, we cannot assure you that the Reverse Split will increase
the per share price of our common stock or that any such increase will be proportional to the Reverse Split ratio (see “— Certain Risks Associated with the Reverse Split”).

Maintain Listing on Nasdaq.Our
Board has considered the potential harm to the Company and its stockholders should Nasdaq delist our common stock from The Nasdaq Capital
Market. Delisting our common stock could adversely affect the liquidity of our common stock because alternatives, such as the OTC Markets,
are generally considered to be less efficient markets. An investor likely would find it less convenient to sell, or to obtain accurate
quotations in seeking to buy, our common stock on an over-the-counter market. Many investors likely would not buy or sell our common
stock due to difficulty in accessing over-the-counter markets, policies preventing them from trading in securities not listed on
a national exchange or other reasons. Our Board believes that the Reverse Split is an effective means for the Company to maintain compliance
with the rules of Nasdaq and to avoid, or at least mitigate, the likely adverse consequences of our common stock being delisted from The
Nasdaq Capital Market by producing the immediate effect of increasing the bid price of our common stock.

<div align='center'>7</div>

Potentially Improve the Marketability and Liquidity of our common stock.Our Board believes that continued listing on Nasdaq provides
overall credibility to an investment in our common stock, given the stringent listing and disclosure requirements of Nasdaq. In addition,
our Board believes that the increased market price of our common stock expected as a result of implementing a reverse stock split could
improve the marketability and liquidity of our common stock and encourage interest and trading in our common stock by mitigating the negative
effects of certain practices and policies:

| ● | Stock Price Requirements:    Many                                                                                                                      
 brokerage firms have internal policies and practices that have the effect of discouraging individual brokers from recommending lower-priced securities 
 to their clients. Many institutional investors have policies prohibiting them from holding lower-priced stocks in their portfolios,                    
 which reduces the number of potential purchasers of our common stock. Investment funds may also be reluctant to invest in lower-priced stocks.         |

| ● | Stock Price Volatility:    A higher                                                                                                      
 stock price may increase the acceptability of our common stock to a number of long-term investors who may not find our common stock      
 attractive at its current prices due to the trading volatility often associated with stocks below