#United States #New York #Gross Law Firm #Fly-E Group #NASDAQ FLYE

Attention Shareholders of Fly-E Group, Inc.

In recent news, The Gross Law Firm has issued an important notice directed at shareholders of Fly-E Group, Inc. (NASDAQ: FLYE). If you had purchased FLYE shares during the specified class period, it is critical that you connect with The Gross Law Firm to understand your rights and explore potential options for recovery.

Key Details of the Notice

The Gross Law Firm invites shareholders who acquired shares of Fly-E between July 15, 2025, and August 14, 2025, to reach out regarding a possible lead plaintiff appointment. This appointment is not mandatory for any shareholder wishing to partake in recovery related to the company's performance. In the face of allegations, it is essential that affected shareholders consider their options and act promptly.

The Allegations Against Fly-E

Recent events have raised serious concerns regarding Fly-E's operations, specifically regarding their lithium batteries. Defendants have faced scrutiny for providing misleading assurances to investors, which overshadowed significant negative information about the safety of their products. Such misrepresentation appears to have severely impacted Fly-E's E-vehicle sales and overall business forecast. Despite claiming long-term ambitious sales figures, the company's actual results have faltered, with continued revenue declines and heightened operational expenses.

The situation escalated dramatically on August 14, 2025, when Fly-E officially disclosed a substantial net revenue drop of 32%, primarily due to reduced unit sales attributed to issues with their lithium batteries. This public revelation caused Fly-E's stock value to plummet from $7.76 per share to just $1.00 within a single day—an astonishing decrease of approximately 87%. Such drastic shifts in stock value highlight the dire implications of misleading business practices within the company.

Upcoming Deadline for Shareholders

Shareholders are urged to take immediate action and register for this class action opportunity before the deadline of November 10, 2025. Registered shareholders will receive ongoing updates via a dedicated portfolio monitoring software throughout the case's lifecycle. Fortunately, there are no fees associated with participating in this case, ensuring that investors can seek justice without incurring additional charges.

Why Choose The Gross Law Firm?

The Gross Law Firm stands recognized as a reputable national class action law firm, dedicated to safeguarding the rights of investors who have fallen victim to corporate fraud, deceit, and unethical business practices. They remain steadfast in advocating for responsible corporate behavior and are committed to seeking redress for investors harmed by misinformation or material omission from corporate entities.

Should you require further assistance or wish to register your position as a shareholder of Fly-E, please do not hesitate to contact The Gross Law Firm:

• - Phone: (646) 453-8903
• - Email: [email protected]
• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018

In conclusion, if you've invested in Fly-E during the specified period, take proactive steps now to understand your rights and ensure your voice is heard in this class action process.