Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 193

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 8
Chunk 193
---
 Company and with such action to be effected at such time and date, if at all, as determined by the board of directors
within one year after the conclusion of the special meeting.

On June 16, 2025, the board of directors approved
a one-for-five (1:5) reverse stock split of the Company’s issued and outstanding shares of common stock (the “2025 First
Reverse Stock Split”). On July 2, 2025, the Company filed with the Secretary of State of the State of Delaware the Second Certificate
of Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the 2025 First Reverse Stock
Split. The 2025 First Reverse Stock Split became effective as of 5:00 p.m., Eastern Time, on July 3, 2025, and the Company’s common
stock began trading on the Nasdaq Stock Market on a split-adjusted basis on July 7, 2025.

After the 2025 First Reverse Stock Split, every
five (5) shares of the Company’s issued and outstanding common stock have been automatically converted into one share of common
stock, without any change in the par value per share. In addition, (i) a proportionate adjustment has been made to the per share exercise
price and the number of shares issuable upon the exercise of all outstanding warrants to purchase shares of common stock, and (ii) the
number of shares reserved for issuance pursuant to the Company’s stock incentive plan has been reduced proportionately. Any fraction
of a share of common stock created as a result of the 2025 First Reverse Stock Split was rounded up to the nearest whole share. The
Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol “FLYE.”

On September 15, 2025,the Company planned to
hold a special meeting of stockholders, but adjourned to October 13, 2025 in order to achieve a quorum (the “Special Meeting”).
At the special meeting, the stockholder approved a proposal to amend the Company’s amended and restated certificate of incorporation
to effect a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.01 per share, , by
a ratio in the range of 1-for-2 to 1-for-20, with such ratio to be determined in the discretion of the board of directors of the Company
and with such action to be