Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 169

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 169
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% owned by Fly E-Bike, Inc. |
| FWMOTOR INC.         |     | •   A New York corporation            
 •   Incorporated on April 3, 2024     
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| DCMOTOR INC.         |     | •   A Maryland corporation            
 •   Incorporated on April 9, 2024     
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |
| AOFL LLC             |     | •   A New York corporation            
 •   Incorporated on June 25, 2024     
 •   A holding company                 |     | 100% owned by Fly E-Bike, Inc. |
| GOBIKE INC           |     | •   A New York corporation            
 •   Incorporated on July 16, 2024     
 •   A rental store                    |     | 100% owned by Fly E-Bike, Inc. |
| FLYEBIKE BOSTON INC. |     | •   A Massachusetts corporation       
 •   Incorporated on September 1, 2024 
 •   A retail store                    |     | 100% owned by Fly E-Bike, Inc. |

Liquidity and Going Concern In assessing the Company’s liquidity, the Company monitors and analyzes its cash on -handand its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations. Debt financing from financial institutions and equity financings have been utilized to finance the working capital requirements of the Company. On June 7, 2024, the Company closed the IPO of 2,250,000shares of the common stock at the price of $4.00 per share, resulting in net proceeds to the Company of $7.9 million after deducting underwriting discounts and commissions and offering expenses. On June 25, 2024, the Company sold an additional 337,500shares of common stock to the underwriters of the IPO for gross proceeds of $1.4 million upon full exercise of the underwriters’ over -allotmentoption and received net proceeds of approximately $1.2 million. As of December 31, 2024, the Company had working capital of approximately $3.0 million and cash of approximately $1.4 million. During the nine months ended December 31, 2024, the Company had net