Fly-E Group shareholders approve up to 50% discount stock offering

Fly-E Group, Inc.

Special meeting on April 25, 2025 approved issuance of securities at up to 50% below market price.
Vote: 17,023,278 FOR, 307,052 AGAINST, 2,411 ABSTAIN; no broker non-votes.
Approval required under Nasdaq Rule 5635(d) for non-public offerings.
Potential dilution from discounted offerings could impact existing shareholders.

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