Fly-E Group, Inc.
Filed Apr 22, 2025.
View on SEC.govAbout this filing
A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Apr 22, 2025
Contents
Capitalization
The following table sets forth our cash and cash equivalents and capitalization as of December 31, 2024 on:
| ● | an actual basis; and |
| ● | on a pro forma adjusted basis to give effect the sale and issuance of 36,363,636 shares of Common Stock in this offering at an assumed offering price of $0.22 per share, after deducting the discounts and commissions to the Placement Agent and estimated offering expenses payable by us. |
The unaudited as adjusted information below is prepared for illustrative purposes only and our capitalization following the completion of this offering will be adjusted based on the actual offering price and other terms of this offering determined at pricing. You should read the following table in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the historical financial statements and related notes in our 2024 Annual Report and 2024 Quarterly Reports, incorporated herein by reference.
| Actual | Pro Forma | |
|---|---|---|
| Cash and cash equivalents | $1,367,248 | 8,398,623 |
| Debt: | ||
| Current portion of long-term loan payables | 99,079 | 99,079 |
| Short-term loan payables | 4,909,982 | 4,909,982 |
| Long-term loan payables | 2,090,734 | 2,090,734 |
| Total debt | 7,099,795 | 7,099,795 |
| Stockholders’ equity: | ||
| Common stock: 44,000,000 shares authorized and 24,587,500 shares outstanding; 300,000,000 shares authorized, and 60,951,136 shares issued and outstanding, pro forma | 245,875 | 609,511 |
| Additional paid-in capital | 10,744,024 | 17,411,763 |
| Shares Subscription Receivable | (219,998) | (219,998) |
| Retained earnings | 2,388,806 | 2,388,806 |
| Accumulated other comprehensive loss | (33,371) | (33,371) |
| Total stockholders’ equity | 13,125,336 | 20,156,711 |
| Total capitalization | $20,225,131 | 27,256,506 |
Each $0.10 increase (decrease) in the assumed offering price of $0.22 per share would increase (decrease) each of cash and cash equivalents, additional paid-in capital and total stockholders’ equity by approximately $3.3 million, assuming the maximum number of securities offered, as set forth on the cover page of this prospectus, remains the same, and after deducting the Placement Agent’s discounts and commissions and other offering expenses. Similarly, each increase (decrease) of 10.0 million shares in the number of Common Stock and accompanying Warrants offered would increase (decrease) cash and cash equivalents, additional paid-in capital and total stockholders’ equity by approximately $2.0 million, assuming the assumed offering price remains the same, and after deducting the Placement Agent’s discounts and commissions and other offering expenses. The as adjusted information discussed above is illustrative only and will be adjusted based on the actual offering price and other terms of this offering determined at pricing.
The above discussion is based on 24,587,500 shares of our Common Stock outstanding as of December 31, 2024 and excludes, as of that date, the following:
| ● | 129,375 shares of Common Stock issuable upon the exercise of the IPO Representative’s Warrants; |
| ● | shares of Common Stock underlying the Warrants to be issued in connection with this offering; and |
| ● | 3,700,000 shares of Common Stock reserved for future grants of equity-based awards under our equity incentive plan. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.