#United States #New York #Fly-E Group #American Trust #Fly E-Bike

American Trust Investment Services Takes Major Step for Electric Mobility

In a remarkable development in the electric vehicle sector, American Trust Investment Services, Inc. (ATIS) announced its exclusive role as the placement agent for Fly-E Group Inc. (NASDAQ: FLYE) in their recent follow-on public offering. This move not only signifies a strong commitment to sustainable mobility but also enhances Fly-E Group's plans for significant expansion in the rapidly growing electric mobility market.

Details of the Offering

The recent public offering features 28,595,553 shares of common stock and 57,191,106 warrants allowing for further stock purchases. Each share is offered at a public price of $0.2428, generating projected gross proceeds of approximately $6.94 million, which will be utilized to bolster the company's production capabilities and inventory. The attached warrants offer investors an attractive opportunity, enable them to purchase shares at 120% of the offering price for up to five years.

Fly-E Group, recognized for its innovative designs in smart electric motorcycles, e-bikes, and scooters, has established a significant presence in the U.S. with over 30 retail locations and has ambitious plans to expand globally. The funds raised through this offering are critical for the company's objectives, including scaling production and fulfilling corporate operational needs.

Leadership Insights

James Dever, the Chief Executive Officer of ATIS, expressed enthusiasm about this transaction, highlighting its importance for Fly-E Group and the role of ATIS in supporting their growth. “This is an exciting and important transaction for Fly-E. We’re proud to support their mission and growth strategy as they scale operations and build market leadership in sustainable mobility,” Dever stated.

Moreover, Ian Lippy, Chief Operating Officer, emphasized the firm's focus on collaborating with high-growth enterprises. “This offering reflects our continued focus on partnering with founder-driven, high-growth companies,” Lippy remarked, showcasing confidence in Fly-E Group’s potential for sustained success and market capture.

American Trust Investment Services: A Catalyst for Change

Established as a leading investment bank and financial service provider, ATIS prides itself on delivering tailored capital market solutions to both emerging and established enterprises. Based in Chicago and operating nationwide, the company is recognized for its integrity and profound expertise in navigating complex financial landscapes. For more information about ATIS and its services, visit their website.

As Fly-E Group moves forward with its ambitious plans, the collaboration with ATIS sets a solid foundation for future growth prospects. The electric movement is not just about transportation; it's a revolution towards sustainable living and transit. This partnership signifies a shared vision for a future where mobility meets sustainability, ultimately paving the way for innovative and environmentally friendly transportation solutions.