Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 209

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 209
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                                            for certain litigation against the Company to Delaware; and

●establish advance
                                            notice requirements for nominations for election to our board of directors or for proposing
                                            matters that can be acted upon by stockholders at annual stockholder meetings.

Any provision of our amended
and restated certificate of incorporation (as amended) or bylaws or Delaware law that has the effect of delaying or deterring a change
in control could limit the opportunity for our stockholders to receive a premium for their shares of our common stock, and could also
affect the price that some investors are willing to pay for our common stock.

Our management is required to devote a
substantial amount of time to comply with public company regulations.

As a public company, we
incur significant legal, accounting and other expenses that we did not incur as a private company. The Sarbanes-Oxley Act, the Dodd-Frank
Wall Street Reform and Consumer Protection Act as well as rules implemented by the SEC and Nasdaq, impose various requirements on public
companies, including those related to corporate governance practices. Our management and other personnel will need to devote a substantial
amount of time to these requirements. Certain members of our management do not have significant experience in addressing these requirements.
Moreover, these rules and regulations will increase our legal and financial compliance costs and will make some activities more time-consuming
and costly.

30

Among other things, our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and
15d-15(f) under the Securities Exchange Act of 1934, as amended, or the Exchange Act. Our compliance with these
requirements will require that it incur substantial accounting and related expenses and expend significant management efforts. We will
need to hire additional accounting and financial staff to comply with public company regulations. The costs of hiring such staff may
be material and there can be no assurance that such staff will be immediately available to us.

Moreover, because we have
identified deficiencies in our internal control over financial reporting that are deemed to be material weaknesses, investors could lose
confidence in the accuracy and completeness of our financial reports, the market price of our common stock could decline and we could
be subject to sanctions or investigations by Nasdaq, the SEC or other regulatory authorities.

There can be no assurance that we will
be able to comply with the continued listing standards of Nasdaq.

Our eligibility for listing
on Nasdaq depends on our ability to comply