Fly-E Group, Inc., a smart electric vehicle innovator, has announced the pricing of its public offering of 28.6 million shares of common stock and 57.2 million warrants aimed at fueling the company’s next phase of growth. The offering, priced at $0.2428 per share.
Each share is bundled with two warrants, exercisable immediately at an exercise price of $0.2913—or 120% of the offering price—and valid for five years from issuance. The offering is projected to generate gross proceeds of approximately $6.94 million, before fees and expenses.
Capital to Accelerate Inventory and Vehicle Production
The company stated that net proceeds will be used for inventory purchases, production costs, and general working capital, bolstering its commitment to expanding access to eco-friendly electric motorcycles, e-bikes, and scooters under the Fly E-Bike brand.
“This offering is a key step in scaling our sustainable mobility solutions,” the company noted. “With this funding, Fly-E is better positioned to meet growing market demand and reinforce its green transportation mission.”
American Trust Investment Services as Exclusive Placement Agent
American Trust Investment Services, Inc. is serving as the exclusive placement agent for the offering. The securities are being offered under a registration statement on Form S-1 (File No. 333-286678).
Headquartered in the United States, Fly-E Group, Inc. is focused on transforming urban mobility through intelligent electric vehicles, offering both sales and rentals. The company’s goal is to make sustainable transportation more accessible while promoting healthier, environmentally conscious lifestyles.
This offering comes at a pivotal time for Fly-E as the company accelerates its mission to drive smart, clean mobility in cities across the country and beyond.
