SplitJun 17, 2026, 05:02 PM
Fly-E Group Shareholders Approve Reverse Stock Split
AI Summary
Fly-E Group, Inc. held its 2025 Annual Meeting of Shareholders on June 17, 2026, where a quorum was present. Shareholders approved a proposal to amend the Company's Certificate of Incorporation to effect a reverse stock split of common stock by a ratio in a range of 1-for-5 to 1-for-100, at the Board's discretion within one year. Additionally, all four nominated directors were elected to the Board, and the selection of Fortune CPA, Inc. as the independent auditor for the fiscal year ended March 31, 2026, was ratified.
Key Highlights
- Fly-E Group shareholders approved a reverse stock split of common stock in a range of 1-for-5 to 1-for-100.
- The Board of Directors will determine the exact ratio and timing of the reverse stock split within one year.
- Four nominees, Lisa Fan, Leqi Dong, Dongperez Hua, and Chun Min (Max) Lin, were elected to the Board of Directors.
- Shareholders ratified Fortune CPA, Inc. as the independent registered public accounting firm for fiscal year ended March 31, 2026.
- The 2025 Annual Meeting of Shareholders was held on June 17, 2026, with 57.13% of outstanding shares represented.
Price Impact
More from FLYE