Fly-E Group Postpones Stockholder Meeting to October 13

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Fly-E Group, Inc. ( (FLYE) ) has provided an announcement.

Fly-E Group, Inc. recently completed a securities purchase agreement with non-U.S. investors, resulting in the sale of 13,750,000 shares of common stock at $0.80 per share, generating $11 million in gross proceeds. The company’s Special Meeting of Stockholders, initially scheduled for October 3, 2025, was adjourned to October 13, 2025, due to insufficient shares available to vote, with the meeting to address a potential reverse stock split and other proposals.

The most recent analyst rating on (FLYE) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Fly-E Group, Inc. stock, see the FLYE Stock Forecast page.

Spark’s Take on FLYE Stock

According to Spark, TipRanks’ AI Analyst, FLYE is a Underperform.

Fly-E Group, Inc. faces significant financial and technical challenges, with declining revenues, negative profitability, and bearish market momentum. The negative P/E ratio and lack of dividend yield further weaken its valuation. While the recent Nasdaq compliance is a positive development, it does not offset the broader financial and market concerns.

To see Spark’s full report on FLYE stock, click here.

More about Fly-E Group, Inc.

Average Trading Volume: 2,701,693

Technical Sentiment Signal: Sell

Current Market Cap: $13.68M

For detailed information about FLYE stock, go to TipRanks’ Stock Analysis page.

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