Fly-E Group Inc. Announces Reverse Stock Split to Maintain Nasdaq Listing

Fly-E Group, Inc., a company operating in the Consumer Discretionary sector, has announced a 1-for-5 reverse stock split, effective July 7, 2025. This strategic move is aimed at maintaining its listing on the Nasdaq exchange. The decision was reported by multiple financial news sources, including de.investing.com and investing.com, on July 2, 2025.

As of June 30, 2025, Fly-E Group’s stock closed at $0.981, significantly below its 52-week high of $7.3, recorded on July 14, 2024. The company’s stock had previously hit a 52-week low of $0.329 on April 3, 2025. The reverse stock split is a common strategy employed by companies to boost their stock price and meet the minimum share price requirements for continued listing on major exchanges like the Nasdaq.

Fly-E Group, Inc. is known for its electric vehicle (EV) products, including smart electric motorcycles, electric bikes, and electric scooters, sold under the brand Fly E-Bike. The company operates approximately 36 stores, with 35 in the United States and one in Canada. It also offers rental services in New York and Los Angeles and sells products through its online store at flyebike.com.

The company’s product portfolio includes 25 E-motorcycle products, 28 E-bike products, and 37 E-scooter products, catering to various urban travel needs. Fly-E Group has produced approximately 3,842 E-motorcycles, 5,713 E-bikes, and 1,480 E-scooters. The company sources vehicle components from China and the United States and assembles them in Maspeth, New York.

The reverse stock split is expected to consolidate the company’s shares, potentially increasing the stock price and helping Fly-E Group maintain its Nasdaq listing. This move is crucial for the company’s visibility and investor confidence as it continues to expand its operations and product offerings in the competitive EV market.