Fly-E Group, Inc. Announces Reverse Stock Split

Fly-E Group, Inc. has announced a reverse stock split of its common stock at a ratio of 20-to-1, approved by shareholders on October 13, 2025. The reverse stock split will be effective as of November 4, 2025, at 9:00 a.m. ET. As a result, every twenty shares of common stock will be combined into one share, reducing the total number of issued and outstanding shares from 32,647,030 to 1,632,352. Shareholders holding fractional shares will receive the number of shares rounded up to the nearest whole number. The company's common stock will continue to trade under the symbol FLYE on the Nasdaq Capital Market, with a new CUSIP number issued. Shareholders will be notified by the transfer agent, VStock Transfer LLC, regarding the exchange of existing share certificates.