---
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"
generated_at: "2026-11-04T22:02:12.384309+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Peapack sues Fly-E Group for $3.9M default on $5M credit facility that matured August 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.04
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-116000
- JSON: https://secwatch.observer/filing/0001213900-26-116000.json
- Plain text: https://secwatch.observer/filing/0001213900-26-116000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.