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Fly-E Group, Inc. ( (FLYE) ) just unveiled an announcement.
On June 2, 2025, Fly-E Group, Inc. entered into a Securities Purchase Agreement to raise approximately $6.94 million through a public offering of common stock and warrants. The offering, which closed on June 4, 2025, was facilitated by American Trust Investment Services, Inc. as the exclusive placement agent. The net proceeds of approximately $6.24 million will be used for inventory purchases, production costs, and working capital. The company and its officers agreed to a 180-day lock-up period following the offering.
Spark’s Take on FLYE Stock
According to Spark, TipRanks’ AI Analyst, FLYE is a Neutral.
Fly-E Group, Inc.’s stock score is primarily hampered by weak financial performance, reflected in declining revenues, profitability issues, and negative cash flows. The technical analysis further indicates a lack of positive market momentum, while poor valuation metrics highlight the company’s challenges in generating earnings. These factors cumulatively suggest a cautious outlook for the stock.
To see Spark’s full report on FLYE stock, click here.
More about Fly-E Group, Inc.
Fly-E Group, Inc. is an electric vehicle company that focuses on designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters under the brand ‘Fly E-Bike.’ The company aims to promote eco-friendly transportation as part of an active lifestyle, contributing to a more environmentally friendly future.
Average Trading Volume: 156,975
Technical Sentiment Signal: Buy
For an in-depth examination of FLYE stock, go to TipRanks’ Stock Analysis page.