Company: FLYE
Filing Date: 2025-02-11
Form Type: PRE 14A
Source: 0001213900-25-012288
Chunk: 23

Company: Fly-E Group, Inc.
Filing Date: 2025-02-11
Form: PRE 14A
Chunk 23
---
 of common stock will be reduced in proportion to the ratio of the Reverse Split chosen by the Board. Effects on Our Common Stock Depending on the ratio for a Reverse Split determined by the Board, a minimum of two (2) and a maximum of fifteen (15) shares of existing common stock would be combined into one new share of common stock. Based on 24,587,500shares of common stock issued and outstanding as of the Record Date, immediately following a reverse stock split the Company would have approximately 12,293,750 shares of common stock issued and outstanding (without giving effect to rounding for fractional shares) if the ratio for a reverse stock split is 1 -for-2, and 1,639,167 shares of common issued and outstanding (without giving effect to rounding for fractional shares) if the ratio for a reverse stock split is 1 -for-15. 13

For the purposes of providing examples of the effect of the Reverse Split on our common stock, the following table contains approximate information (without accounting for the settlement of fractional shares), based on share information as of the Record Date, of the effect of a Reverse Split at certain ratios within the range of the proposed Reverse Split ratios on the number of shares of our common stock authorized, outstanding, and not outstanding.

| Name and Position       |     |    Number of 
    Shares of 
 Common Stock 
   Issued and 
  Outstanding |
| Pre-Reverse Split       |     |   24,587,500 |
| Post-Reverse Split 1:2  |     |   12,293,750 |
| Post-Reverse Split 1:5  |     |    4,917,500 |
| Post-Reverse Split 1:10 |     |    2,458,750 |
| Post-Reverse Split 1:15 |     |    1,639,167 |

The Reverse Split would be effected simultaneously for all of our issued and outstanding shares of common stock, and the exchange ratio would be the same for all issued and outstanding shares of common stock. The Reverse Split would affect all holders of the issued and outstanding shares of common stock uniformly and would not affect any stockholder’s percentage ownership interest in the Company. Common stock issued pursuant to the Reverse Split would remain fully paid and non -assessable. We will not issue any fractional shares as a result of the Reverse Split and in lieu thereof, any stockholders that would otherwise be entitled to receive a fractional share will be entitled to