Fly-E Group, Inc. has announced a postponement of its special meeting of stockholders originally scheduled for November 13, 2026. The meeting will now take place on November 27, 2026, at 10:00 a.m. Eastern Time. This change comes as the company seeks to clarify details regarding the issuance of common stock and warrants that may affect its capital structure.

The postponement is significant for Fly-E Group as it navigates its financing strategies within the motor vehicles and passenger car bodies industry. The company is preparing to address stockholder concerns about the potential dilution of shares resulting from the issuance of common stock and warrants, which the company has proposed to issue at a price that may be below the Nasdaq Minimum Price.

Background

Fly-E Group, Inc. is a Delaware corporation operating in the motor vehicles and passenger car bodies sector. The company trades on the Nasdaq under the ticker symbol FLYE. As an emerging growth company, Fly-E Group is subject to various regulatory requirements and is actively engaging with its stockholders to ensure transparency in its operations.

What the Filing Says

In the definitive additional proxy materials filed with the SEC on November 9, 2026, Fly-E Group clarified that while the stated exercise price of common stock purchase warrants may be less than 20% of the Nasdaq Minimum Price, the effective offering price per share will not be less than 20% of that minimum price. The filing also noted that all shares of common stock issuable upon exercise of the common warrants will be subject to a 25,000,000-share aggregate limitation for which stockholder approval is being sought.

Impact

This update may significantly affect Fly-E Group's stockholders, as the proposed issuance of common stock and warrants could lead to dilution of existing shares. The clarification aims to address concerns regarding the potential impact on stockholder value and the company's financial stability.

What's Next

The special meeting is now set for November 27, 2026, where stockholders will have the opportunity to vote on the proposed issuance of common stock and warrants. The filing does not specify any additional steps beyond the meeting.