secwatch.observer — SEC 8-K summary
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Issuer:     Fly-E Group, Inc. (FLYE)
CIK:        0001975940
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001213900-25-051577
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fly-E Group raises $6.94M in registered direct offering of stock and warrants
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- Gross proceeds $6.94M from sale of 28.6M shares at $0.2428/unit (each share with two warrants).
- Warrants exercise price $0.2913 (120% of offering price), expire 5 years from issuance.
- Net proceeds ~$6.24M after fees; use for inventory, production costs, and working capital.
- 180-day lock-up on officers, directors, and company after closing.
- Placement agent: American Trust Investment Services; offering closed June 4, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1975940/000121390025051577/0001213900-25-051577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1975940/000121390025051577/ea0244855-8k_fly.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-051577

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer