Fly-E Group raises $9M in IPO at $4.00/share; lists on Nasdaq under FLYE

Fly-E Group, Inc.

IPO of 2,250,000 shares at $4.00 per share, gross proceeds $9.0M.
Underwriters have a 30-day overallotment option for up to 337,500 additional shares.
Shares began trading on Nasdaq Capital Market on June 6 under ticker FLYE.
Proceeds to fund vehicle inventory, production costs, retail expansion, and R&D.
Representative's warrants for 112,500 shares at $4.00 exercise price granted.

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