Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 206

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 206
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”
and, even if we no longer qualify as an emerging growth company, we may still be subject to reduced reporting requirements.

We are a “smaller
reporting company” as defined in the Securities Exchange Act of 1934, as amended. Smaller reporting companies may
choose to present only the two most recent fiscal years of audited financial statements in their annual reports on Form 10-K
and have reduced disclosure obligations regarding executive compensation and, if a smaller reporting company has less than $100 million
in annual revenue, it would not be required to obtain an attestation report on internal control over financial reporting issued by its
independent registered public accounting firm. We will remain a smaller reporting company until the last day of any fiscal year
for so long as either: (i) the market value of our shares of common stock held by non-affiliates does not equal or exceed $250 million
measured on the last business day of our second fiscal quarter; or (ii) our annual revenues is less than $100 million
during the most recently completed fiscal year and the market value of our common stock held by non-affiliates is less than $700 million
measured on the last business day of our second fiscal quarter. To the extent we take advantage of such reduced disclosure obligations,
it may make the comparison of our financial statements with other public companies difficult or impossible.

We may issue shares of preferred stock
in the future, which could make it difficult for another company to acquire us or could otherwise adversely affect holders of our common
stock, which could depress the price of our common stock.

Our certificate of incorporation
authorizes us to issue one or more series of preferred stock. Our board of directors will have the authority to determine the preferences,
limitations and relative rights of the shares of preferred stock and to fix the number of shares constituting any series and the designation
of such series, without any further vote or action by our stockholders. Our preferred stock could be issued with voting, liquidation,
dividend and other rights superior to the rights of our common stock. The potential issuance of preferred stock may delay or prevent
a change in control of us, discouraging bids for our common stock at a premium to the market price, and materially adversely affect the
market price and the voting and other rights of the holders of our common stock.

We have never declared or paid any cash
dividends or distributions on our capital stock. We do