Company: FLYE
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001213900-25-016092
Chunk: 28

Company: Fly-E Group, Inc.
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 28
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 shares of our common stock and/or issuing warrants that are exercisable for shares of our common stock. Additional authorized shares may, from time to time, be used for the issuances of shares under the Company’s equity incentive plans, settling outstanding obligations or acquiring companies or assets. Our Board will determine whether, when and on what terms the issuance of shares of our common stock may be warranted in connection with any future actions. No further action or authorization by our stockholders will be necessary before issuance of additional shares of common stock authorized under our Charter, as further amended by the Authorized Shares Amendment, except as may be required for a particular transaction by applicable law or regulatory agencies or by the Nasdaq Rules or the rules of any other stock market or exchange on which our common stock may then be listed. The additional shares of our common stock, if issued, would have the same rights and privileges as the existing shares of our common stock. Any issuance of additional shares of our common stock would increase the number of outstanding shares of our common stock, and (unless such issuance was pro rata among existing stockholders) our existing stockholders’ percentage ownership of our common stock would be diluted accordingly. Although an increase in the number of authorized shares of our common stock could, under certain circumstances, also be construed as having an anti -takeovereffect (for example, by permitting easier dilution of the stock ownership of a person seeking to effect a change in the composition of our Board or contemplating a tender offer or other transaction resulting in our acquisition by another company), the proposed increase in shares authorized is not in response to any effort by any person or group to obtain control of us by any means. In addition, the proposal is not part of any plan by our Board to recommend or implement a series of anti -takeovermeasures. The proposed increase in the number of authorized shares of our common stock would become effective immediately upon the filing of the Authorized Shares Amendment with the Secretary of State of the State of Delaware. We expect to file the Authorized Shares Amendment with the Secretary of State of the State of Delaware promptly upon approval by our stockholders. Required Vote The affirmative vote of the holders of a majority of the shares of our common stock outstanding and entitled to vote as of the Record Date is required for approval of the Classified Board Amendment. A failure to submit a proxy card or vote at the Special Meeting or an abstention will have the same effect as a vote “AGAINST” this proposal. Recommendation of The Board The Board recommends that stockholders vote “FOR” the