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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the
Securities Exchange
Act of 1934
Date of Report (Date
of earliest event reported): July 2, 2025
Fly-E Group, Inc.
(Exact name of registrant
as specified in its charter)
Delaware |
|
001-42122 |
|
92-0981080 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification Number) |
136-40 39th Avenue
Flushing,
New York |
|
11354 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone
number, including area code: (929) 410-2770
N/A
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
Common stock, $0.01 par value per share |
|
FLYE |
|
The Nasdaq Stock Market LLC |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☒
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.03 Material Modification to Rights of Security Holders.
To the extent required by
Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
Item
5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 10, 2025, Fly-E Group,
Inc. (the “Company”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the
stockholders approved a proposal to amend the Company’s Amended and Restated Certificate of Incorporation (the “Certificate
of Incorporation”) to effect a reverse stock split of the Company’s issued and outstanding shares of common stock, par value
$0.01 per share, by a ratio in the range of 1-for-2 to 1-for-15, with such ratio to be determined in the discretion of the board of directors
of the Company (the “Board”) and with such action to be effected at such time and date, if at all, as determined by the Board
within one year after the conclusion of the Special Meeting.
On June 16, 2025, the Board
approved a one-for-five (1:5) reverse stock split of the Company’s issued and outstanding shares of common stock (the “Reverse
Stock Split”). On July 2, 2025, the Company filed with the Secretary of State of the State of Delaware the Second Certificate of
Amendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split. The Reverse
Stock Split will become effective as of 5:00 p.m., Eastern Time, on July 3, 2025, and the Company’s common stock will begin trading
on the Nasdaq Stock Market on a split-adjusted basis when the market opens on July 7, 2025.
Upon effectiveness of the
Reverse Stock Split, every five (5) shares of the Company’s issued and outstanding common stock will automatically be converted
into one share of common stock, without any change in the par value per share. In addition, (i) a proportionate adjustment will be made
to the per share exercise price and the number of shares issuable upon the exercise of all outstanding warrants to purchase shares of
common stock, and (ii) the number of shares reserved for issuance pursuant to the Company’s stock incentive plan will also be reduced
proportionately. Any fraction of a share of common stock that would be created as a result of the Reverse Stock Split will be rounded
up to the nearest whole share.
The Company’s common
stock will continue to trade on the Nasdaq Capital Market under the symbol “FLYE.” The new CUSIP number for common stock following
the Reverse Stock Split will be 343927208.
VStock Transfer, LLC, the
Company’s transfer agent, will act as the exchange agent for the Reverse Stock Split.
For more information
about the Reverse Stock Split, see the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on February 21, 2025 and mailed to the
Company’s stockholders on or about February 21, 2025, the relevant portions of which are incorporated herein by reference. A
copy of the Certificate of Amendment is attached as Exhibit 3.1 hereto and incorporated herein by reference.
Item 7.01. Regulation
FD Disclosure.
On July 2, 2025, the Company
issued a press release announcing the Reverse Stock Split. The press release is furnished as Exhibit 99.1 and incorporated by reference
herein.
The information in this Item
7.01, including Exhibit 99.1 attached hereto, is being furnished, shall not be deemed “filed” for any purpose, and shall not
be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
as amended, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits
are being filed herewith:
Exhibit No. |
|
Description |
3.1 |
|
The Second Certificate of Amendment to the Amended and Restated Certificate of Incorporation of FLY-E Group Inc. |
99.1 |
|
Press Release dated July 2, 2025, announcing the Reverse Stock
Split. |
104 |
|
Cover Page Interactive Data File (embedded within Inline XBRL document). |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
FLY-E GROUP, INC. |
|
|
|
Date: July 2, 2025 |
By: |
/s/ Zhou Ou |
|
Name: |
Zhou Ou |
|
Title: |
Chief Executive Officer |