Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 44

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 44
---
 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 not anticipate paying any cash dividends on our common stock in the foreseeable
future.

We have never declared or
paid any cash dividends or distributions on our capital stock. We currently intend to retain our future earnings, if any, to support
operations and to finance expansion and therefore we do not anticipate paying any cash dividends on our common stock in the foreseeable
future.

The declaration, payment
and amount of any future dividends will be made at the discretion of the board of directors, and will depend upon, among other things,
the results of our operations, cash flows and financial condition, operating and capital requirements, and other factors as the board
of directors considers relevant. There is no assurance that future dividends will be paid, and, if dividends are paid, there is no assurance
with respect to the amount of any such dividend. As a result, investors will be reliant upon capital appreciation for any returns on
their investment in the shares of our common stock.

Future sales of our common stock in the
public market could reduce our stock price, and any additional capital raised by us through the sale of equity or convertible securities
may dilute your ownership in us.

As of July 15, 2025, there
are 3,432,000shares of restricted common stock, which constitute approximately 32.3% of our outstanding common stock, may be eligible
for sale pursuant to Rule 144 at various times, subject to limitations provided by Rule 144 and lock-up agreements which our stockholders,
including our directors and officers, who hold 3,366,000shares have signed lock-ups for period of 180 days from the closing of the registered
direct offering, which expires on December 1,