Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 36

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 36
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arrants will be exercisable,
at the option of each holder, in whole or in part by delivering to us a duly executed exercise notice accompanied by payment in full for
the number of shares of Common Stock purchased upon such exercise. Each Warrant entitles the holder thereof to purchase one share of Common
Stock. Warrants are not exercisable for a fraction of a share and may only be exercised into whole numbers of shares. In lieu of fractional
shares, we will, pay the holder an amount in cash equal to the fractional amount multiplied by the exercise price and round up to the
nearest whole share. Unless otherwise specified in the Warrant, the holder will not have the right to exercise the Warrants, in whole
or in part, if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of our shares of Common
Stock outstanding immediately after giving effect to the exercise, as such percentage is determined in accordance with the terms of the
Warrant. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99% upon at least 61
days’ prior notice from the holder to us.

Exercise Price

The exercise price per share
of Common Stock issuable upon exercise of the Warrants is equal to 120% of the offering price, and is subject to adjustments for stock
splits, reclassifications, subdivisions, and other similar transactions. In addition to the exercise price per share of Common Stock,
and other applicable charges and taxes are due and payable upon exercise. Subject to certain exemptions outlined in the Warrant, at any
time while this Warrant is outstanding: (i) pays a dividend or otherwise makes a distribution or distributions on shares of its Common
Stock or any other equity or equity equivalent securities payable in Common Stock (which, for avoidance of doubt, shall not include any
shares of Common Stock issued by the Company upon exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a
larger number of shares, (iii) combines (including by way of reverse share split) outstanding shares of Common Stock into a smaller number
of shares, or (iv) issues by reclassification of shares of the Common Stock any shares of the Company, then in each case the exercise
price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares,
if any) outstanding immediately before such event and