Fly-E Group closes $11M share sale at $0.80; adjourns special meeting on reverse stock split

Fly-E Group, Inc.

Issued 13.75M shares at $0.80 each for gross proceeds of $11M via Regulation S exemption.
Closing occurred Sept 30, 2025; total shares outstanding now 32,647,030.
Special meeting adjourned to Oct 13 due to insufficient quorum; shareholders to vote on reverse split from 1:2 to 1:20.
Purpose of reverse split is to maintain Nasdaq listing and avoid potential delisting.
Company urges vote 'FOR' reverse split and adjournment proposals.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Fly-E Group, Inc. issued an aggregate of 13,750,000 shares of common stock of common stock to certain non-U.S. investors for gross proceeds of $11 million, before the deduction of customary expenses.

Security: common stock
Shares: an aggregate of 13,750,000 shares of common stock
Purchaser: certain non-U.S. investors
Consideration: gross proceeds of $11 million, before the deduction of customary expenses

Exact text from the filing

sale of the Shares occurred on September 30, 2025 when all the closing conditions of the SPA have been satisfied. The Company issued the Shares in exchange for gross proceeds of $11 million, before the deduction of customary expenses. The Shares were issued in reliance on the exemption from registration provided by Regulation S under the Securities Act of 1933.

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Fly-E Group, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-094777

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