The Law Offices of Frank R. Cruz announces an investigation of Fly-E Group, Inc. (“Fly-E” or the “Company”) (NASDAQ: FLYE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON FLY-E (FLYE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On August 14, 2025, Fly-E filed a Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026, revealing a 32% year-over-year decline in net revenues, primarily driven by decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters. The Company further warned that these incidents, along with retail store closures, would continue to weigh on future revenue.
On this news, Fly-E’s stock price fell $6.76, or 87.1%, to close at $1.00 per share on August 15, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Fly-E securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250909538681/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com