Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 40

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 40
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 to the fullest extent permitted by the DGCL.

Listing

Our Common Stock is listed
on the Nasdaq under the symbol “FLYE.”

Registrar and Transfer Agent

The registrar and transfer
agent for our Common Stock is VStock Transfer, LLC. The transfer agent’s address is 18 Lafayette Place, Woodmere, New York 11598.

<div align='center'>21

MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES</div>

The following is a summary
of the material U.S. federal income tax considerations arising from and relating to the acquisition, ownership and disposition of the
shares of Common Stock (the “Common Shares”) acquired pursuant to this prospectus, the exercise, disposition, and lapse of
Warrants acquired pursuant to this prospectus, and the acquisition, ownership, and disposition of shares of Common Stock received upon
exercise of the Warrants (the “Warrant Shares”). The Common Shares, Warrants, and Warrant Shares may be referred to in this
summary as the “securities.”

This discussion is limited
to certain U.S. federal income tax considerations to beneficial owners of our securities who are initial purchasers of our Common Shares
and Warrants pursuant to this offering and hold our securities as capital assets within the meaning of Section 1221(a) of the U.S.
Internal Revenue Code of 1986, as amended (the “Code”) (generally, property held for investment). This discussion assumes
that the Common Shares and Warrants will trade separately and that any distributions made (or deemed made) by us on the Common Shares
and any consideration received (or deemed received) by a holder in consideration for the sale or other disposition of our securities will
be in U.S. dollars. This discussion is a summary only and does not consider all aspects of U.S. federal income taxation that may be relevant
to the acquisition, ownership and disposition of our securities by a prospective investor in light of its particular circumstances or
that is subject to special rules under the U.S. federal income tax laws, including, but not limited to:

| ● | banks and other financial institutions or financial services 
 entities;                                                    |

| ● | broker-dealers; |

| ● | mutual funds; |

| ● | retirement plans, individual retirement accounts or other 
 tax-deferred accounts;                                    |

| ● | taxpayers that are subject to the mark-to-market tax accounting 
 rules;                                                          |

| ● | tax-exempt entities; |

| ● | S-corpor