DelistingApr 21, 2026, 05:02 PM
Fly-E Group Receives Nasdaq Delisting Warning for Missed AGM
AI Summary
Fly-E Group, Inc. received a deficiency letter from Nasdaq on April 17, 2026, for failing to hold its annual meeting of shareholders within twelve months of its fiscal year ended March 31, 2025, violating Listing Rule 5620(a). This notification does not result in immediate delisting. The company has 45 calendar days, until June 1, 2026, to submit a plan to regain compliance, with a potential extension up to September 28, 2026. The company attributes the delay to administrative issues and plans to timely regain compliance.
Key Highlights
- Received Nasdaq deficiency letter on April 17, 2026, for not holding annual meeting.
- Violated Nasdaq Listing Rule 5620(a) by not holding AGM within 12 months of fiscal year end March 31, 2025.
- Company has 45 calendar days, until June 1, 2026, to submit a compliance plan.
- If plan accepted, Nasdaq may grant up to 180 days, until September 28, 2026, to regain compliance.
- Company states delay was administrative and intends to regain compliance.
Price Impact
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