Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 203

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 203
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 ability to influence corporate matters and could delay or prevent
a change in corporate control.

The existing holdings of our directors and executive officers is in
the aggregate, approximately 18.7% of our outstanding common stock as of the date of this annual report. As a result, these stockholders
may be able to influence our management and affairs and control the outcome of matters submitted to our stockholders for approval, including
the election of directors and any sale, merger, consolidation, or sale of all or substantially all of our assets. The concentration of
voting power among one or more of these stockholders may have an adverse effect on the price of our common stock.

In addition, this concentration
of ownership might adversely affect the market price of our common stock by: (1) delaying, deferring or preventing a change of control
of our company; (2) impeding a merger, consolidation, takeover or other business combination involving our company; or (3) discouraging
a potential acquirer from making a tender offer or otherwise attempting to obtain control of our company.

The price of our common stock may be volatile
and fluctuate substantially and rapidly, which could result in the loss of a significant part of your investment.

The market price of our
common stock may fluctuate substantially and rapidly and may be higher or lower than the public offering price. The stock market, in
general, and the market for smaller companies such as ours, in particular, have experienced extreme price and volume fluctuations. Such
volatility, including any stock-run up, may be unrelated or disproportionate to the actual or expected operating performance and financial
condition or prospects of those companies, making it difficult for the investors to assess the rapidly changing value of our common stock.
These fluctuations may be even more pronounced in the trading market for our common stock shortly following the listing of our common
stock on Nasdaq as a result of the limited public float available following the IPO. The market price for our common stock may be
influenced by many factors, including:

●limited trading
                                            volume;

●our success in
                                            commercializing our products;

●developments with
                                            respect to competitive products or technologies;

●developments or
                                            disputes concerning patent applications, issued patents or other intellectual property or
                                            proprietary rights;

●the recruitment
                                            or departure of key personnel;

●actual or anticipated
                                            changes in estimates as to financial results, commercialization timelines or recommendations
                                            by securities analysts;

●var