Fly-E Group, Inc.
0.9300+0.17 (+21.6%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · FLYE · USD
Key Stats
Market Cap
30.36MP/E (TTM)
-Basic EPS (TTM)
-2.40Dividend Yield
0%Recent Filings
8-K
Stockholders approve reverse split
Fly-E Group stockholders approved a reverse stock split proposal at the October 13, 2025 special meeting, authorizing a 1-for-2 to 1-for-20 ratio at the board's discretion within one year. The vote passed overwhelmingly with 17,313,674 for and just 187,237 against, after adjourning from September 15 to secure quorum. This flexibility aids compliance with Nasdaq listing rules. No immediate split date set.
8-K
Fly-E closes $11M offering
Fly-E Group closed a $11 million stock offering on September 30, 2025, selling 13,750,000 shares at $0.80 each to non-U.S. investors under Regulation S, boosting outstanding shares to 32,647,030. This influx strengthens the balance sheet amid Nasdaq compliance pressures. Yet the special meeting for reverse stock split approval adjourns to October 13 due to low quorum. Fresh capital aids liquidity, but dilution hits existing holders.
8-K
Meeting adjourned for quorum
Fly-E Group adjourned its special stockholder meeting from September 15, 2025, due to insufficient quorum, rescheduling it virtually for October 10, 2025, to vote on a reverse stock split amendment allowing a 1-for-2 to 1-for-20 ratio at board discretion within one year. The board urges approval alongside an adjournment proposal if needed for more proxies. This delay tests investor support for the split. Quorum fell short.
8-K
CFO and director appointments
Fly-E Group appointed Lisa Fan as permanent CFO and executive director, replacing interim CFO Zhou Ou, effective September 17, 2025; Fan brings audit and IPO expertise from prior roles. The board also named Leqi Dong as independent director, chairing the Nominating and Governance Committee while joining Audit and Compensation panels. Fan's annual pay is $60,000; Dong's $26,400. Leadership shakeup bolsters finance oversight amid growth pressures.
8-K
Exec and board shakeup hits Fly-E
Fly-E Group lost CFO Shiwen Feng to resignation on August 20, 2025, with no disagreements cited, prompting CEO Zhou Ou to step in as interim CFO starting August 26 while retaining his top role. Directors Lun Feng and Zanfeng Zhang also quit the board on August 21, leaving spots vacant amid a search for replacements. No drama in the exits. This shuffle tests leadership bandwidth at a pivotal growth stage.
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