Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 53

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 53
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 requirements of the Securities Act
and the Exchange Act, including, without limitation, Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the
Exchange Act. These rules and regulations may limit the timing of purchases and sales of Common Stock and warrants by the Placement Agent.
Under these rules and regulations, the Placement Agent: (i) may not engage in any stabilization activity in connection with our securities;
and (ii) may not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities, other than
as permitted under the Exchange Act, until it has completed their participation in the distribution.

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Commissions and Expenses

In consideration for these
placement agent services, we have agreed to pay the Placement Agent upon the closing of this offering a cash fee equal to 7% of the aggregate
purchase price of the Common Stock sold under this prospectus, as well as a 1.0% non-accountable expense allowance. We have also agreed
to pay or reimburse the Placement Agent for certain of their expenses, including “roadshow” and disbursements, diligence,
and reasonable legal fees, in an amount not to exceed $100,000 in the aggregate in the event of the closing of this offering.

The following table shows the
per share of Common Stock and total placement agent fees we will pay to the Placement Agent in connection with the sale of Common Stock
and accompanying Warrants offered pursuant to this prospectus assuming the purchase of all of the Common Stock and accompanying Warrants
initially offered hereby:

|                                 |     | Per share of 
 Common       
 Stock and    
 accompanying 
 Warrants     |      |     | Total |           |
|:--------------------------------|:----|:-------------|-----:|:----|:------|----------:|
| Offering price(1)               |     | $            | 0.22 |     | $     | 8,000,000 |
| Placement Agent commissions(2)  |     | $            | 0.02 |     |       |   560,000 |
| Proceeds to us, before expenses |     | $            | 0.20 |     | $     | 7,440,000 |

| (1) | Assuming an offering price of $0.22 and the maximum offering amount of approximately $8.0 million.                                                                                                                                                                                                                  |
| (2) | We have agreed to