Fly-E Group, Inc. Announces 1-for-5 Reverse Stock Split Effective July 7, 2025
Fly-E Group (Nasdaq: FLYE), a company specializing in electric motorcycles, bikes, and scooters, has announced a 1-for-5 reverse stock split effective July 7, 2025. The split will reduce outstanding shares from 53,183,053 to approximately 10,636,611.
The company's stock will continue trading under the symbol "FLYE" with a new CUSIP number 343927208. The reverse split will proportionally adjust warrant exercise prices and equity incentive plan shares, with fractional shares rounded up. This strategic move aims to increase the stock's market price to maintain Nasdaq listing requirements and attract institutional investors.
Fly-E Group (Nasdaq: FLYE), un'azienda specializzata in motociclette elettriche, biciclette e scooter, ha annunciato un raggruppamento azionario inverso 1-per-5 con effetto dal 7 luglio 2025. Questa operazione ridurrà le azioni in circolazione da 53.183.053 a circa 10.636.611.
Le azioni della società continueranno a essere negoziate con il simbolo "FLYE" e un nuovo numero CUSIP 343927208. Il raggruppamento azionario adeguerà proporzionalmente i prezzi di esercizio dei warrant e le azioni del piano di incentivi azionari, con arrotondamento per eccesso delle frazioni di azioni. Questa mossa strategica mira ad aumentare il prezzo di mercato delle azioni per mantenere i requisiti di quotazione al Nasdaq e attrarre investitori istituzionali.
Fly-E Group (Nasdaq: FLYE), una empresa especializada en motocicletas eléctricas, bicicletas y scooters, ha anunciado una consolidación inversa de acciones 1 por 5 que entrará en vigor el 7 de julio de 2025. Esta medida reducirá las acciones en circulación de 53,183,053 a aproximadamente 10,636,611.
Las acciones de la compañía seguirán cotizando bajo el símbolo "FLYE" con un nuevo número CUSIP 343927208. La consolidación ajustará proporcionalmente los precios de ejercicio de los warrants y las acciones del plan de incentivos de capital, redondeando al alza las fracciones de acciones. Esta estrategia busca aumentar el precio de mercado de las acciones para cumplir con los requisitos de cotización en Nasdaq y atraer a inversores institucionales.
Fly-E Group (나스닥: FLYE)는 전기 오토바이, 자전거 및 스쿠터를 전문으로 하는 회사로, 2025년 7월 7일부로 1대 5 역병합 주식 분할을 발표했습니다. 이번 분할로 발행 주식 수는 53,183,053주에서 약 10,636,611주로 줄어듭니다.
회사의 주식은 "FLYE"라는 심볼로 계속 거래되며 새 CUSIP 번호는 343927208입니다. 역병합은 워런트 행사 가격과 주식 인센티브 계획 주식을 비례적으로 조정하며, 소수 주식은 올림 처리됩니다. 이 전략적 조치는 주식의 시장 가격을 높여 나스닥 상장 요건을 유지하고 기관 투자자를 유치하는 데 목적이 있습니다.
Fly-E Group (Nasdaq : FLYE), une entreprise spécialisée dans les motos électriques, vélos et scooters, a annoncé un regroupement d'actions inverse au ratio de 1 pour 5, effectif à partir du 7 juillet 2025. Cette opération réduira le nombre d'actions en circulation de 53 183 053 à environ 10 636 611.
Les actions de la société continueront d'être négociées sous le symbole "FLYE" avec un nouveau numéro CUSIP 343927208. Le regroupement ajustera proportionnellement les prix d'exercice des bons de souscription et les actions du plan d'incitation en actions, les fractions d'actions étant arrondies à l'unité supérieure. Cette démarche stratégique vise à augmenter le cours de l'action afin de respecter les exigences de cotation au Nasdaq et d'attirer les investisseurs institutionnels.
Fly-E Group (Nasdaq: FLYE), ein Unternehmen, das sich auf elektrische Motorräder, Fahrräder und Roller spezialisiert hat, hat eine 1-zu-5 Reverse-Aktienzusammenlegung angekündigt, die am 7. Juli 2025 wirksam wird. Durch diese Maßnahme wird die Anzahl der ausstehenden Aktien von 53.183.053 auf etwa 10.636.611 reduziert.
Die Aktien des Unternehmens werden weiterhin unter dem Symbol "FLYE" gehandelt, mit einer neuen CUSIP-Nummer 343927208. Die Reverse-Split passt die Ausübungspreise von Warrants und Aktien des Aktienanreizplans proportional an, wobei Bruchteile von Aktien aufgerundet werden. Mit diesem strategischen Schritt soll der Marktpreis der Aktie erhöht werden, um die Nasdaq-Notierungsanforderungen zu erfüllen und institutionelle Investoren anzuziehen.
- Potential to maintain Nasdaq listing compliance through higher share price
- Could attract more institutional investors with higher share price
- No loss of equity value for shareholders through rounding up of fractional shares
- Indicates possible concerns about maintaining Nasdaq listing requirements
- May suggest company's stock price has declined significantly
- Could impact stock liquidity due to reduced number of outstanding shares
Insights
Fly-E's reverse split aims to maintain Nasdaq listing and attract institutional investors, potentially signaling underlying financial challenges.
Fly-E Group's announced 1-for-5 reverse stock split represents a significant financial restructuring move with several implications for existing shareholders. The company will consolidate its outstanding shares from 53,183,053 to approximately 10,636,611, effectively increasing the per-share price by a factor of five while maintaining the same overall market capitalization.
The stated motivations behind this move are revealing: maintaining Nasdaq listing compliance and attracting institutional investors. This strongly suggests the company's share price has fallen below or near Nasdaq's minimum price requirement (
Importantly, while the split mathematically increases the share price, it doesn't fundamentally change the company's valuation or underlying business performance. The proportionate adjustments to outstanding warrants and equity incentive plans will maintain relative ownership positions. However, these restructuring actions often face market skepticism, as they address symptoms rather than underlying business challenges.
For existing shareholders, while their number of shares will decrease, their proportional ownership remains unchanged, though any fractional shares will be rounded up, providing a minor benefit. The swift implementation timeline—announced July 2 with trading on the new basis beginning July 7—gives shareholders minimal time to make portfolio adjustments before the split takes effect.
NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (Nasdaq: FLYE) (“Fly-E” or the “Company”), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced it will effect a reverse stock split of its issued and outstanding shares of common stock, par value
The Reverse Stock Split has been approved by the Company’s stockholders and the Company’s Board of Directors.
As a result of the Reverse Stock Split, without any action on the part of the holders, each five (5) pre-split shares of Common Stock of the Company will be automatically combined into one (1) share of Common Stock, without any change in the par value per share. In addition, (i) a proportionate adjustment will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding warrants to purchase shares of Common Stock, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans will also be reduced proportionately. Any fraction of a share of Common Stock that would be created as a result of the Reverse Stock Split will be rounded up to the nearest whole share.
The Company's issued and outstanding shares of Common Stock will be reduced from 53,183,053 to approximately 10,636,611. The Reverse Stock Split is intended to increase the market price per share of the Company's Common Stock to maintain its Nasdaq listing as well as to allow the Company to better attract certain institutional and other investors.
The Company's transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to the Common Stock represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.
About Fly-E Group, Inc.
Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand "Fly E-Bike." The Company's commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company's website: https://investors.flyebike.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and that the forward-looking statements contained in this press release are subject to the risks set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the section under "Risk Factors" of its most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the SEC on June 28, 2024. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
For investor and media inquiries, please contact:
Fly-E Group, Inc.
Investor Relations Department
Email: ir@flyebike.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
When will FLYE's 1-for-5 reverse stock split take effect?
How many shares will FLYE have outstanding after the reverse split?
What happens to fractional shares in FLYE's reverse stock split?
Why is Fly-E Group (FLYE) implementing a reverse stock split?
Will FLYE's stock symbol change after the reverse split?
