Fly-E Group raises $11M via private placement of 13.75M shares at $0.80 each

Fly-E Group, Inc.

Gross proceeds of $11M from sale of 13.75M shares at $0.80 per share to non-U.S. persons under Regulation S.
Net proceeds to be used for working capital and general corporate purposes.
Offering is exempt from registration requirements of the Securities Act; closing subject to customary conditions.
Shares are to be issued as booked entries; agreement includes representations, warranties, and covenants.
Transaction closed on September 18, 2025; proceeds held in escrow pending satisfaction of closing conditions.

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