Fly-E Group, Inc. 8-K

What Happened

• Fly-E Group, Inc. (FLYE) announced on April 21, 2026 that it received a Deficiency Letter from Nasdaq’s Listing Qualifications Staff dated April 17, 2026.
• Nasdaq notified the company that it does not currently satisfy Listing Rule 5620(a), which requires holding an annual meeting of shareholders within 12 months of the fiscal year end. The company did not hold an annual meeting within 12 months of its fiscal year ended March 31, 2025.
• The Deficiency Letter is a notification only and does not have an immediate effect on the listing or trading of FLYE shares.

Key Details

• Nasdaq gave the company 45 calendar days (until June 1, 2026) to submit a plan to regain compliance.
• If Nasdaq accepts a submitted plan, it may grant an exception of up to 180 days from the fiscal year end (until September 28, 2026) for the company to hold the meeting.
• The company says the delay was administrative, not due to shareholder or board disagreement, and intends to convene the annual meeting in accordance with Nasdaq rules.
• If Nasdaq does not accept the plan, Fly-E may appeal to a Nasdaq Hearings Panel.

Why It Matters

• For investors, this is a regulatory compliance issue that could lead to delisting proceedings if not resolved, though there is no immediate trading impact.
• The company’s timelines and any Nasdaq decisions (acceptance of a plan, extensions, or hearing outcomes) are material — shareholders should watch for updates about the scheduled annual meeting and any further Nasdaq communications.