Fly-E Group, Inc. Securities Fraud Investigation

Shamis & Gentile, P.A. reminds investors of the upcoming November 7, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fly-E Group, Inc. (“Fly-E” or the “Company”) (NASDAQ: FLYE) securities between July 15, 2025 and August 14, 2025 (the “Class Period”).

Investors suffering losses in excess of $50,000 are advised to contact the firm now for more information on how to participate.

On August 14, 2025, the truth emerged when Fly-E filed a form NT 10-Q: Notification of Inability to Timely File Form 10-Q for the first quarter of fiscal year 2026, revealing a substantial decrease of 32% in net revenues “primarily driven by a decrease in total units sold.” The Company attributed the decline to “recent lithium-battery accidents involving E-Bikes and E-Scooters.” As a result of the lithium battery incidents and retail store closures, the Company expected a further decrease in retail sales revenue for the Company’s 2026 fiscal year.

The price of Fly-E’s common stock declined dramatically. From a closing market price of $7.76 per share on August 14, 2025, Fly-E’s stock price fell to $1.00 per share on August 15, 2025, a decline of about 87% in the span of just a single day.

The lawsuit filed after this disclosure alleges the defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the safety of Fly-E's lithium battery which in turn took a material toll on its E-vehicle sales revenue.

Shareholders who purchased shares of Fly-E during the Class Period and suffered significant losses are encouraged to contact the firm regarding their options. Importantly, Fly-E investors must act no later than November 7, 2025 to participate as a lead plaintiff.

Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.

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