SplitMay 26, 2026, 05:02 PM
Fly-E Group Proposes 1-for-5 to 1-for-100 Reverse Stock Split
AI Summary
Fly-E Group, Inc. announced its 2025 Annual General Meeting of Stockholders to be held on June 17, 2026. Shareholders will vote on several proposals, including the election of four directors and the ratification of Fortune CPA, Inc. as the independent auditor for the fiscal year ended March 31, 2026. The most significant proposal is an amendment to the company's charter to effect a reverse stock split in a range of 1-for-5 to 1-for-100, aimed at increasing the per-share price to maintain Nasdaq listing compliance.
Key Highlights
- Annual General Meeting scheduled for June 17, 2026, to vote on key proposals.
- Proposes 1-for-5 to 1-for-100 reverse stock split to maintain Nasdaq listing.
- Board to determine exact reverse split ratio and timing within one year.
- Shareholders to elect four directors to the board.
- Fortune CPA, Inc. nominated as independent auditor for FY2026.
- Record date for voting at AGM is May 5, 2026.
- Marcum Asia CPAs LLP audit fees: $608,727 for FY2025, $141,774 for interim Dec 2025.
- Fortune CPA audit fees: $35,000 for Dec 2025 quarter review.
Price Impact
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