Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 208

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 208
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ances of our common stock or securities convertible into common stock or the effect, if any, that future issuances and
sales of shares of our common stock will have on the market price of our common stock. Sales of substantial amounts of our common stock
(including shares issued in connection with any acquisition we may make), or the perception that such sales, including sales by our existing
stockholders pursuant to Rule 144, could occur, may adversely affect prevailing market prices of our common stock.

29

Because our directors and executive officers
own or have the right to vote approximately 18.7% of our outstanding common stock, they may be able to elect all directors, approve
all matters requiring stockholder approval and block any action which may be beneficial to stockholders. 

As of July 15, 2025, our
directors and executive officers beneficially own approximately 18.7% of our outstanding common stock. Our bylaws provide that a majority
of the aggregate voting power of the stock issued and outstanding and entitled to vote constitutes a quorum for a meeting of stockholders.
As a result, they may have the ability to elect all of our directors and to approve actions requiring stockholder approval as well as
to prevent any action from being taken which they oppose even if such action would benefit stockholders.

Delaware law and provisions in our amended
and restated certificate of incorporation and bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing
the trading price of our common stock.

Our amended and restated
certificate of incorporation (as amended) and bylaws contain provisions that could depress the trading price of our common stock by acting
to discourage, delay or prevent a change of control of us or changes in its management that the stockholders may deem advantageous. These
provisions include the following:

●establish a classified
                                            board of directors so that not all members of our board of directors are elected at one time;

●permit the board
                                            of directors to establish the number of directors and fill any vacancies and newly-created
                                            directorships;

●provide that directors
                                            may only be removed for cause;

●require super-majority
                                            voting to amend some provisions in our bylaws;

●prohibit stockholder
                                            action by written consent, which requires all stockholder actions to be taken at a meeting
                                            of the stockholders;

●provide that the
                                            board of directors is expressly authorized to amend or repeal our bylaws;

●restrict the forum