secwatch.observer — SEC 8-K summary
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Issuer:     Fly-E Group, Inc. (FLYE)
CIK:        0001975940
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001213900-24-085557
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1975940/000121390024085557/0001213900-24-085557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1975940/000121390024085557/ea0216743-8k_flyegroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-085557

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