Fly-E Group, Inc. Files 8-K with Material Agreement

TL;DR

Fly-E Group filed an 8-K on June 5th for a material agreement and bylaws changes.

AI Summary

On June 5, 2024, Fly-E Group, Inc. entered into a Material Definitive Agreement. The company also filed amendments to its Articles of Incorporation or Bylaws and reported other events. Specific details regarding the agreement and amendments were not provided in the filing.

Why It Matters

This filing indicates significant corporate actions by Fly-E Group, Inc., potentially impacting its structure, operations, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and amendments to bylaws, which could represent significant changes or risks for the company.

Key Players & Entities

• Fly-E Group, Inc. (company) — Registrant
• June 5, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — e on which registered common stock, $0.01 par value per share FLYE The Nasdaq
• $4.00 — were sold to the public at the price of $4.00 per share and offered by the Company pu
• $9 m — ing in gross proceeds to the Company of $9 million, before deducting underwriting di
• $4 — have an initial exercise price equal to $4.00, which equal to the initial public o

Filing Documents

• ea0207438-8k_flyegroup.htm (8-K) — 54KB
• ea020743801ex1-1_flyegroup.htm (EX-1.1) — 435KB
• ea020743801ex3-1_flyegroup.htm (EX-3.1) — 35KB
• ea020743801ex3-2_flyegroup.htm (EX-3.2) — 145KB
• ea020743801ex4-1_flyegroup.htm (EX-4.1) — 109KB
• ea020743801ex99-1_flyegroup.htm (EX-99.1) — 11KB
• ea020743801ex99-2_flyegroup.htm (EX-99.2) — 11KB
• ex99-1_001.jpg (GRAPHIC) — 19KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001213900-24-050747.txt ( ) — 1187KB
• flye-20240605.xsd (EX-101.SCH) — 3KB
• flye-20240605_lab.xml (EX-101.LAB) — 33KB
• flye-20240605_pre.xml (EX-101.PRE) — 22KB
• ea0207438-8k_flyegroup_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On June 5, 2024, Fly-E Group, Inc. (the " Company ") entered into an underwriting agreement with The Benchmark Company, LLC (" Benchmark "), as representative of the underwriters named therein (the " Underwriting Agreement "), pursuant to which the Company issued and sold, in its initial public offering (the " Public Offering "), 2,250,000 shares of its common stock, $0.01 par value per share (" Common Stock "). The shares of Common Stock were sold to the public at the price of $4.00 per share and offered by the Company pursuant to a registration statement on Form S-1, as amended (File No. 333-276830), which was declared effective by the Securities and Exchange Commission on May 14, 2024 (the " Registration to the Company of $9 million, before deducting underwriting discounts and commissions and offering expenses. The Company also has granted to the underwriters a 30-day overallotment option to purchase up to an additional 337,500 shares of Common Stock, which is equal to 15% of the number of shares of Common Stock sold in the Public Offering. The Company agreed to an underwriting discount of 7% of the public offering price of the shares of Common Stock sold in the Public Offering. In addition, the Company issued to Benchmark warrants to purchase 112,500 shares of Common Stock, which is equal to 5% of the number of shares of Common Stock sold in the Public Offering (the " Representative's Warrants "). The Representative's Warrants have an initial exercise price equal to $4.00, which equal to the initial public offering price in the Public Offering. The Representative's Warrants are exercisable at any time and from time to time, in whole or in part, during the four-and-a-half-year period commencing on the Closing Date. The Representative's Warrants provide for registration rights (including a one-time

01. Other Events

Item 8.01. Other Events. In connection with the Public Offering, the Common Stock was approved for listing on The Nasdaq Capital Market (" Nasdaq ") under the symbol "FLYE" and commenced trading on Nasdaq on June 6, 2024. On June 5, 2024, the Company issued a press release announcing the pricing of the Public Offering, and on June 7, 2024, the Company issued a press release announcing the closing of the Public Offering. Copies of the press releases are attached hereto as Exhibit 99.1 and Exhibit 99.2. The information provided under this Item 8.01, including the accompanying press releases, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liability of that section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed herewith: Exhibit No. Description 1.1 Underwriting Agreement, dated as of June 5, 2024, by and between the Company and The Benchmark Company, LLC. 3.1 Amended and Restated Certificate of Incorporation of Fly-E Group, Inc. 3.2 Amended and Restated Bylaws of Fly-E Group, Inc. 4.1 Representative's Warrant, dated June 7, 2024. 99.1 Press Release issued on June 5, 2024. 99.2 Press Release issued on June 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FLY-E GROUP, INC. Date: June 7, 2024 By: /s/ Zhou Ou Name: Zhou Ou Title Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR