{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-116000","form_type":"8-K","ticker":"FLYE","cik":"0001975940","company_name":"Fly-E Group, Inc.","filed_at":"2026-11-04T22:00:14+00:00","discovered_at":"2026-11-04T22:02:00.293527+00:00","generated_at":"2026-11-04T22:02:12.384309+00:00","sec_items":["2.04"],"event_type":"litigation","sentiment":"negative","materiality_score":0.82,"calibrated_materiality_score":0.82,"confidence":"high","headline":"Peapack sues Fly-E Group for $3.9M default on $5M credit facility that matured August 2025","bullets":["Peapack Private Bank & Trust filed a complaint October 30, 2026 in the Supreme Court of the State of New York, County of Queens, seeking at least $3.9 million in outstanding principal.","Complaint concerns a $5,000,000 Revolving Credit Note and Loan and Security Agreement dated August 5, 2024, with Fly E-Bike, Inc. and Fly EV, Inc. as co-borrowers.","Credit Facility matured August 31, 2025; forbearance ran only through June 30, 2026, and interest now accrues at a 15.375% post-forbearance rate plus default interest and late charges.","Guarantors include CEO Zhou Ou and Ke Zhang; obligations are secured by substantially all personal property of the borrowers and certain subsidiaries.","Lender demanded October 20, 2026 that borrowers assemble and turn over collateral; the complaint also seeks possession of that collateral. Company is reviewing defenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-116000","json":"https://secwatch.observer/filing/0001213900-26-116000.json","markdown":"https://secwatch.observer/filing/0001213900-26-116000.md","text":"https://secwatch.observer/filing/0001213900-26-116000.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1975940/000121390026116000/0001213900-26-116000-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1975940/000121390026116000/ea0310867-8k_flyegroup.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-04T22:02:12.384309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}