Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 43

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 43
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 standards as other public
companies that are not emerging growth companies.

We may remain an “emerging
growth company” until the fiscal year-end following the fifth anniversary of the completion of this initial public offering, though
we may cease to be an “emerging growth company” earlier under certain circumstances, including (1) if we become a large
accelerated filer, (2) if our gross revenue exceeds $1.235 billion in any fiscal year, or (3) if we issue more than $1.0 billion
in non-convertible notes in any three year period. We cannot assure you that we will be able to take advantage of all of the benefits
of the available to emerging growth companies.

28

We are a “smaller reporting company”
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