Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 41

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 41
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 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 for certain litigation against the Company 
 to Delaware; and                                              |

| ● | establish advance notice requirements for nominations for                                                                          
 election to our board of directors or for proposing matters that can be acted upon by stockholders at annual stockholder meetings. |

Any provision of our amended and restated certificate of incorporation (as amended) or bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders to receive a premium for their shares of our Common Stock, and could also affect the price that some investors are willing to pay for our Common Stock. Our management is required to devote a substantial amount of time to comply with public company regulations. As a public company, we incur significant legal, accounting and other expenses that we did not incur as a private company. The Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act as well as rules implemented by the SEC and Nasdaq, impose various requirements on public companies, including those related to corporate governance practices. Our management and other personnel will need to devote a substantial amount of time to these requirements. Certain members of our management do not have significant experience in addressing these requirements. Moreover, these rules and regulations will increase our legal and financial compliance costs and will make some activities more time-consuming and costly. Among other things, our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended, or the Exchange Act. Our compliance with these requirements will require that it incur substantial accounting and related expenses and expend significant management efforts. We will need to hire additional accounting and financial staff to comply with public company regulations. The costs of hiring such staff may be material and there can be no assurance that such staff will be immediately available