Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 24

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 24
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 on our operating results and financial conditions in future periods.

We do not intend to apply for any listing of the Warrants on any exchange or nationally recognized trading system, and we do not expect a market to develop for the Warrants.

We do not intend to apply
for any listing of the Warrants on the Nasdaq Capital Market or any other securities exchange or nationally recognized trading system,
and we do not expect a market to develop for the Warrants. Without an active market, the liquidity of the Warrants will be limited. Further,
the existence of Warrants may act to reduce both the trading volume and the trading price of our Common Stock.

The Warrants are speculative and dilutive in nature.

The Warrants offered in this
offering do not confer any rights of Common Stock ownership on their holders, such as voting rights or the right to receive dividends,
but rather merely represent the right to acquire shares of our Common Stock at a fixed price, for a limited period of time. A holder of
a Warrant may exercise the right to acquire a share of Common Stock and pay an exercise price equal to 120% of the offering price for
securities this offering, prior to the fifth anniversary of the original issuance date, upon which date any unexercised Warrants will
expire and have no further value.

Moreover, following this offering,
the market value of the Warrants is uncertain. There can be no assurance that the market price of our Common Stock will ever equal or
exceed the exercise price of the Warrants, and, consequently, whether it will ever be profitable for investors to exercise their Warrants.

You may experience future dilution as a result of future equity offerings.

If you purchase Common Stock and accompanying Warrants in this offering
at an assumed offering price of $0.22 per share of Common Stock, you will suffer immediate and substantial dilution of approximately US$0.10 per
Common Stock and related Warrant in the net tangible book value of the Common Stock and accompanying Warrants, assuming the sale of the
maximum amounts of shares of Common Stock and accompanying Warrants in this offering and no exercise of the related Warrants. See “Dilution”
for a more complete description of how the value of your investment in our Common Stock will be diluted upon the completion of this offering.

In addition, in order to raise
additional capital, we may in the future offer additional shares of our Common Stock or other securities convertible into or exchangeable
for our Common Stock at prices that