Fly-E Group receives Nasdaq deficiency notice for bid price below $1.00

Fly-E Group, Inc.

Nasdaq notified Fly-E on Oct 2, 2024 that its stock closed below $1.00 for 31 consecutive business days.
Company has 180 calendar days, until March 31, 2025, to regain compliance by closing at $1.00+ for 10 days.
If not compliant by March 31, it may qualify for a second 180-day period if it meets other listing standards.
Stock continues trading on Nasdaq Capital Market under symbol FLYE during the cure period.
Company says it will monitor bid price and consider available options, including a reverse stock split.

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