Tillkännagivande • Apr 22
Fly-E Group, Inc. Receives Nasdaq Deficiency Letter Regarding Annual Meeting Compliance On April 17, 2026, Fly-E Group, Inc. (the Company) received a letter (the Deficiency Letter) from the Listing Qualifications Staff (the Staff) of The Nasdaq Stock Market (Nasdaq) notifying the Company that it currently does not satisfy Listing Rule 5620(a), which requires listed companies to hold an annual meeting of shareholders within twelve months of the end of their fiscal year. The Company did not hold an annual meeting of shareholders within twelve months of its fiscal year ended March 31, 2025. The Deficiency Letter is only a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. The Deficiency Letter states that the Company has 45 calendar days, or until June 1, 2026, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5620(a). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until September 28, 2026, to regain compliance. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. The Company's delay in convening the annual meeting was administrative in nature and was not the result of any disagreement among shareholders or the Board of Directors. The Company intends to timely regain compliance with Listing Rule 5620(a) by convening its annual meeting of shareholders in accordance with the timeframe under Nasdaq Listing Rule 5810(c)(2)(G). Although the Company will use all reasonable efforts to achieve compliance with the Listing Rules, there can be no assurance that it will be able to regain compliance with these rules or will otherwise be in compliance with other Nasdaq continued listing requirements. Tillkännagivande • Mar 06
Fly-E Group, Inc. Announces Receipt of Delinquency Notice from Nasdaq Regarding Delayed Form 10-Q Fly-E Group, Inc. announced that on February 27, 2026, the Company received a written notice (the “Notice”) from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it currently does not satisfy Listing Rule 5250(c)(1), as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-Q for the period ended December 31, 2025 (the “Form 10-Q”). The Notice is a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Company has 60 calendar days from the date of the Notice, or until April 28, 2026, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-Q, or until August 24, 2026, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company’s objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-Q with the Commission as soon as it completes the preparation and review of its financial statements for the period ended December 31, 2025. Tillkännagivande • Feb 18
Fly-E Group, Inc. announced delayed 10-Q filing On 02/17/2026, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Dec 31
Fly-E Group Regains Compliance with Nasdaq Listing Rules As previously disclosed, on November 25, 2025, Fly-E Group, Inc. (the Company") received a written notice from the listing qualifications staff of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it did not satisfy Nasdaq Listing Rule 5250(c)(1) (the Rule"), as a result of not having timely filed with the U.S. Securities and Exchange Commission its Form 10-Q for the period ended September 30, 2025 (the Form 10-Q"). The Company filed the Form 10-Q on December 18, 2025, and received a letter from Nasdaq informing the Company that it has regained compliance with the Rule as a result of the Company's filing of its Form 10-Q (the Letter"). As the Company has regained compliance, the receipt of the Letter confirmed that the matter was now closed. Tillkännagivande • Dec 09
Fly-E Group, Inc. Announces Receipt of Delinquency Notice from Nasdaq Regarding Delayed Form 10-Q Fly-E Group, Inc. announced that on November 25, the Company received a written notice (the “Notice”) from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it currently does not satisfy Listing Rule 5250(c)(1), as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”). The Notice is a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Company has 60 calendar days from the date of the Notice, or until January 26, 2026, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-Q, or until May 20, 2026, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company’s objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-Q with the Commission as soon as it completes the preparation and review of its financial statements for the period ended September 30, 2025. Tillkännagivande • Nov 18
Fly-E Group, Inc. announced delayed 10-Q filing On 11/17/2025, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Sep 10
Rosen Law Firm Announces the Filing of A Class Action Lawsuit on Behalf of Purchasers of Securities of Fly-E Group, Inc Rosen Law Firm announced the filing of a class action lawsuit on behalf of purchasers of securities of Fly-E Group, Inc. between July 15, 2025 and August 14, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2025.So what: If you purchased Fly-E securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Fly-E class action, go to https://rosenlegal.com/submit-form/?case_id=44575mailto:or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, defendants throughout the Class Period provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the safety of Fly-E's lithium battery which in turn took a material toll on its E-vehicle sales revenue, despite making lofty long-term projections, Fly-E's forecasting processes fell short as sales continued to decline and operating expenses increased, ultimately, derailing Fly-E's revenue projections. When the true details entered the market, the lawsuit claims that investors suffered damages. Tillkännagivande • Aug 15
Fly-E Group, Inc. announced delayed 10-Q filing On 08/14/2025, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Jul 03
Fly-E Group, Inc. announced delayed annual 10-K filing On 07/01/2025, Fly-E Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Jun 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 119% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue has declined by 2.7% over the past year. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$35.0m market cap). Tillkännagivande • Jun 05
Fly-E Group, Inc. has completed a Follow-on Equity Offering in the amount of $6.943 million. Fly-E Group, Inc. has completed a Follow-on Equity Offering in the amount of $6.943 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 28,595,553
Price\Range: $0.2428
Discount Per Security: $0.016996
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 57,191,106 Tillkännagivande • May 29
Fly-E Group, Inc., Fly E-Bike, FlyBwy , and FlyCycle Enter into Settlement Agreement With UL LLC On May 21, 2025, Fly-E Group, Inc., Fly-E Bike, Inc., FlyBwy, Inc., FlyCycle, Inc., Zhou Ou, Rui Feng, and Ruifeng Guo (collectively with the Company, the “Fly E-Bike Defendants”) and UL LLC (“UL”) entered into a settlement and release agreement on mutually acceptable settlement terms. Pursuant to the Settlement Agreement, the Fly E-Bike Defendants agreed to pay UL an aggregate amount of $1,000,000 before November 30, 2025, and entered into a Consent Judgment and Permanent Injunction pursuant to which Fly E-Bike Defendants agreed not to offer for sale, sell, or distribute products with UL Marks that were not tested and certified by UL. The Settlement Agreement fully resolves all pending litigation between UL and Fly E-Bike Defendants, and each party fully releases the other party from any and all past or present claims, demands, causes of action, obligations, damages, liabilities, expenses, or compensation of whatever kind or nature, that were or could have been asserted in connection with the Fly E-Bike Defendants’ sales of products with a UL Mark which were not tested and certified by UL. Tillkännagivande • Apr 24
Fly-E Group, Inc. has filed a Follow-on Equity Offering in the amount of $8 million. Fly-E Group, Inc. has filed a Follow-on Equity Offering in the amount of $8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: $0.22
Discount Per Security: $0.0154
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 72,727,272 Tillkännagivande • Apr 08
Fly-E Group, Inc. Gets Additional Period to Regain Compliance with Minimum Bid Price Requirement As previously disclosed, on October 2, 2024, Fly-E Group, Inc., a Delaware corporation (the Company"), received written notice from The Nasdaq Stock Market, LLC (Nasdaq") indicating that the bid price for the Company's common stock (the Common Stock") for the last 31 consecutive business days had closed below the minimum $1.00 per share and, as a result, the Company was not in compliance with the $1.00 minimum bid price requirement for the continued listing on the Nasdaq Capital Market, as set in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was granted 180 calendar days, or until March 31, 2025, to regain compliance with the minimum bid price requirement. On March 31, 2025, the Company submitted a formal request to Nasdaq for an additional 180 calendar day period to regain compliance with minimum bid price requirement and confirmed to Nasdaq that the Company intended to effectuate a reverse stock split during the additional compliance period if necessary to regain compliance with the minimum bid price requirement. On April 2, 2025, the Company received a letter (the Letter") from the Staff notifying the Company that it is eligible for an additional 180 calendar day period from the date of the Letter, or until September 29, 2025 (the Additional Compliance Period") to regain compliance with the minimum bid price requirement. If at any time during the Additional Compliance Period, the Company's Common Stock has a closing bid price of at least $1.00 per share for a minimum of 10 consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance with the minimum bid price requirement and this matter will be closed. If the Company does not regain compliance by September 29, 2025, then Nasdaq will notify the Company of its determination to delist the Company's Common Stock from trading on Nasdaq. At that time, the Company may appeal Staff's determination to a hearings panel. The Company intends to monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement, including a reverse stock split, if necessary. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement, even if it maintains compliance with the other Nasdaq listing requirements. Tillkännagivande • Mar 13
Ul Solutions Inc. Files Lawsuit Against Fly-E Group, Inc., Fly E-Bike, Flybwy, and Flycycle to Protect Trusted Safety Mark UL Solutions Inc. has filed a lawsuit against Fly-E Group, Inc., its subsidiaries – including Fly E-Bike, FlyBwy, and FlyCycle – and several executives for allegedly counterfeiting the UL Mark to falsely advertise their entire line of e-bikes, e-scooters and e-motorcycles as UL Certified when they did not undergo the company’s product testing. The complaint alleges that Fly-E Group’s unauthorized use of the iconic UL Mark – which is a well-known symbol of safety and trust around the world – was aimed to deceive consumers into believing that its e-mobility devices were tested and certified by UL Solutions. The company is seeking a permanent injunction against the defendants from any further unauthorized use of the UL Solutions trademarks, statutory damages and punitive damages for intentional infringement and reckless disregard for consumer and public safety. The UL Mark has been used since at least 1937 and appears on billions of products signifying that a product has been certified to meet thorough scientific safety, performance or security standards. Within the complaint, Fly-E Group has also been accused of: Engaging in federal trademark infringement and counterfeiting. Using false and misleading descriptions and representations in violation of the Trademark Act of 1946. Engaging in unfair competition in violation of New York common law. Engaging in unjust enrichment. Engaging in deceptive trade practices in violation of the New York Deceptive Trade Practices Act. For the issues raised in the complaint, UL Solutions is seeking a trial by jury. Tillkännagivande • Feb 15
Fly-E Group, Inc. announced delayed 10-Q filing On 02/14/2025, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Nov 16
Fly-E Group, Inc. announced delayed 10-Q filing On 11/15/2024, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Oct 06
Fly-E Group Receives Written Notice from the Nasdaq Stock Market Regarding Minimum Bid Price Requirement On October 2, 2024, Fly-E Group, Inc. received written notice from the Nasdaq Stock Market, LLC indicating that the bid price for the Company’s common stock (the “Common Stock”), for the last 31 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on the Nasdaq Capital Market, as set in Nasdaq Listing Rule 5550(a)(2). The Notice has no effect at this time on the Common Stock, which continues to trade on the Nasdaq Capital Market under the symbol “FLYE”. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until March 31, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during this 180 day period. If the Company is not in compliance by March 31, 2025, the Company may qualify for a second 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If it appears to Nasdaq that the Company will not be able to cure the deficiency, or the Company is otherwise not eligible, then Nasdaq will notify the Company of its determination to delist its Common Stock, at which point the Company would have an option to appeal the delisting determination to a Nasdaq hearings panel. The Company intends to actively monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price under the Nasdaq Listing Rules. Tillkännagivande • Aug 24
Fly-E Group, Inc. Announces Board and Committee Changes On August 15, 2024, Mr. Alan Jacobs, a member of the Board of Directors of Fly-E Group, Inc. and a member of the Company's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, notified the Company of his resignation from the Company's Board effective August 15, 2024. Mr. Jacobs' resignation was not a result of any disagreement with the Company on any matter relating to its accounting, operations, policies or practices. Effective August 21, 2024, the Board appointed Mr. Zanfeng Zhang, to serve as a member of the Board to fill the vacancy created by the resignation of Mr. Jacobs. Mr. Zhang will also serve as a member of the Company's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee. Mr. Zhang, 51, has over 25 years of experience in finance and investment management. Since November 2017, he has served as Managing Director at IDG Capital, an investment and asset management company, where he oversees post-investment management and risk control. From August 2014 to July 2017, Mr. Zhang co-founded and served as the Chief Financial Officer of Beijing Jiufang Rugao Information Technology Co. Ltd., an internet startup providing community-based online-to-offline (O2O) life services and a fresh produce B2C (business-to-consumer) platform, where he oversaw financing activities. Prior to that, he co-founded and served as Chief Operating Officer of Beijing Panteng Technology Co. Ltd., a smart hardware startup, from September 2013 to August 2014, where he secured early-stage funding and led its market expansion. Earlier in his career, Mr. Zhang held senior financial roles at Ruijing Hengtong (Beijing) Investment Consulting Co. Ltd. from July 2008 to August 2013, and at Peugeot China Co. Ltd. from June 2003 to July 2008. Mr. Zhang holds a Master's degree in Business Management from Paris 1 Panth on-Sorbonne University and a Bachelor's degree in Accounting from East China Jiaotong University. The Board believes Mr. Zhang is qualified to serve on the Board due to his extensive expertise in finance and investment management. Tillkännagivande • Aug 16
Fly-E Group, Inc. announced delayed 10-Q filing On 08/15/2024, Fly-E Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Aug 10
Fly-E Group, Inc. Launches E-Bike Rental Service to Address Growing Market Demand and Participates in NYC's Trade-In Program Fly-E Group, Inc. announced the launch of its new e-bike rental service (the Rental Service) to address growing market demand and its participation in the city's trade-in program (the Trade-in Program), introduced by New York city officials aimed at enhancing e-bike and battery safety. The Rental Service, which soon will be available through a Fly-E rental service mobile app and selected company stores, offers users a flexible and affordable rental option. With a monthly fee of $199, subject to the terms and conditions of the rental contract, users who rent for ten months will acquire ownership of their e-bikes at the end of the rental term at no additional cost, making it an attractive proposition for consumers. Fly-E plans to expand the Rental Service to Miami, Toronto, and Los Angeles as part of its growth strategy. In parallel, Fly-E is developing charging cabinets in line with government policies on safe charging at designated charging stations. These cabinets are designed to meet the safety standards set by law, providing users with secure and efficient charging solutions. Tillkännagivande • Jul 24
Fly-E Group, Inc. Announces the Upcoming Launch of Three New Electric Motorcycle Models Fly-E Group, Inc. announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for official unveiling and launch in New York at the end of October 2024. The DP model is designed for riders seeking high performance, offering exceptional speed and efficiency. The EK PRO model combines technology with a sleek design, providing an enhanced riding experience for electric motorcycle enthusiasts. The DT model is built for adventure, featuring robust specifications for off-road terrains to ensure durability and powerful performance. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 82% After last week's 82% share price decline to US$1.17, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 19x in the Auto industry in the US. Buy Or Sell Opportunity • Jul 18
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at US$6.11. The fair value is estimated to be US$8.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last year. Earnings per share has grown by 37%. Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: US$0.086 (vs US$0.063 in FY 2023) Full year 2024 results: EPS: US$0.086 (up from US$0.063 in FY 2023). Revenue: US$32.2m (up 48% from FY 2023). Net income: US$1.90m (up 38% from FY 2023). Profit margin: 5.9% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Tillkännagivande • Jun 06
Fly-E Group, Inc. has completed an IPO in the amount of $9 million. Fly-E Group, Inc. has completed an IPO in the amount of $9 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,250,000
Price\Range: $4
Discount Per Security: $0.28