IPO - Fly-E Group, Inc.

Form Type: S-1/A

Filing Date: 2025-05-08

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025041069

Filing Summary: This document is Amendment No. 2 to the Registration Statement on Form S-1 for Fly-E Group, Inc., which is being filed with the SEC to provide updates related to the company’s public offering process. The amendment includes details such as the company's principal executive office address in Flushing, New York, and the designation of Zhou Ou as Chief Executive Officer. It outlines various filing fees estimated for the public offering including SEC registration and FINRA fees totaling approximately $178,625. Additionally, the document addresses indemnification provisions for directors and officers against liabilities incurred while serving in their capacities. Notably, the amendment aims to delay the effective date until the registrant files further amendments. The company indicates an intention to commence offering its securities as soon as practicable after effectiveness.

Form Type: S-1/A

Filing Date: 2025-05-05

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025039419

Filing Summary: Fly-E Group, Inc. is amending its Form S-1 to register up to 38,095,238 shares of common stock and 76,190,476 warrants, with an expected gross proceeds of approximately $8 million. The shares will be sold at an assumed offering price of $0.21 per share, corresponding to 50% of the last reported sale price on April 29, 2025. The filing indicates that these securities will not be sold until the registration statement is effective. A significant aspect includes Fly-E Group's ongoing compliance with Nasdaq's minimum bid price requirement, and they may consider a reverse stock split to regain compliance. The company is identified as an emerging growth company and smaller reporting company, and it highlights potential risks involved in investing, emphasizing a high degree of risk due to market and operational uncertainties. Recent developments include a trade-in program for food delivery workers and an increase in authorized shares to 300 million. The filing also reflects management decisions to implement a reverse stock split following shareholder approval. The overall strategy involves expanding the retail presence and enhancing the product portfolio, targeting eco-friendly transportation solutions.

Form Type: S-1

Filing Date: 2025-04-22

Corporate Action: Ipo

Type: New

Accession Number: 000121390025034233

Filing Summary: Fly-E Group, Inc. is filing a registration statement for an initial public offering (IPO) to offer up to 36,363,636 shares of common stock and 72,727,272 warrants to purchase common stock. The offering aims for gross proceeds of approximately $8 million. Each share is bundled with two warrants, with the warrants priced at 120% of the offering price and expiring five years after issuance. The proposed price per share is $0.22, which represents 50% of the recent market price. The common stock is traded on NASDAQ under the symbol 'FLYE'. The company also aims to address compliance issues with NASDAQ's listing requirements. Fly-E Group, operating under the brand 'Fly E-Bike', specializes in electric vehicles, including e-motorcycles, e-bikes, and e-scooters. The company has expanded its retail presence significantly and is in the process of enhancing service offerings with a new mobile app. Recent developments include launching a rental program and participating in a trade-in initiative with NYC DOT to provide safer e-bikes. The document outlines financial projections, risks associated with investment, and mentions pending litigation with UL LLC regarding trademark issues. The filing date for this document is April 22, 2025.