Fly-E Group Faces Delisting Concerns

TL;DR

Fly-E Group might get delisted, check their listing status ASAP!

AI Summary

Fly-E Group, Inc. filed an 8-K on October 4, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The earliest event reported was on October 2, 2024. The company is incorporated in Delaware and its principal executive offices are located in Flushing, New York.

Why It Matters

This filing indicates potential issues with Fly-E Group's compliance with stock exchange listing requirements, which could lead to the company's shares being delisted.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading viability.

Key Players & Entities

• Fly-E Group, Inc. (company) — Registrant
• October 2, 2024 (date) — Earliest event reported
• October 4, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Flushing, New York (location) — Address of Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value per share FLYE The Nasdaq
• $1.00 — ness days, had closed below the minimum $1.00 per share and, as a result, the Company
• $1.00 m — e Company is not in compliance with the $1.00 minimum bid price requirement for the con

Filing Documents

• ea0216743-8k_flyegroup.htm (8-K) — 25KB
• 0001213900-24-085557.txt ( ) — 195KB
• flye-20241002.xsd (EX-101.SCH) — 3KB
• flye-20241002_lab.xml (EX-101.LAB) — 33KB
• flye-20241002_pre.xml (EX-101.PRE) — 22KB
• ea0216743-8k_flyegroup_htm.xml (XML) — 4KB

01 Notice of

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 2, 2024, Fly-E Group, Inc., a Delaware corporation (the " Company "), received written notice (the " Notice ") from the Nasdaq Stock Market, LLC (" Nasdaq ") indicating that the bid price for the Company's common stock (the " Common Stock "), for the last 31 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no effect at this time on the Common Stock, which continues to trade on the Nasdaq Capital Market under the symbol "FLYE". In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until March 31, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during this 180 day period. If the Company is not in compliance by March 31, 2025, the Company may qualify for a second 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If it appears to Nasdaq that the Company will not be able to cure the deficiency, or the Company is otherwise not eligible, then Nasdaq will notify the Company of its determination to delist its Common Stock, at which point the Company would have an option to appeal the delisting determination to a Nasda

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: October 4, 2024 By: /s/ Zhou Ou Name: Zhou Ou Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR