Fly-E Group, Inc. Announces Receipt of Delinquency Notice from Nasdaq Regarding Delayed Form 10-Q

Rhea-AI Summary

Fly-E Group (NASDAQ: FLYE) received a Nasdaq Listing Qualifications notice on November 25, 2025, for failing to timely file its Form 10-Q for the period ended September 30, 2025. The notice is a deficiency and does not have immediate effect on listing or trading.

The company has 60 days from the notice date, until January 26, 2026, to submit a compliance plan. If Nasdaq accepts a plan, an exception can extend the filing deadline to May 20, 2026. If compliance is not achieved within the allowed periods, Nasdaq may begin delisting proceedings; the company may appeal. The company intends to file the Form 10-Q as soon as financial statements are prepared and reviewed.

Positive

• Notice classified as a deficiency, not imminent delisting
• Listing and trading have no immediate effect
• Company has 60 days to submit a compliance plan (until Jan 26, 2026)
• Nasdaq may grant an extension to May 20, 2026 if a plan is accepted
• Company states intent to file the Form 10-Q promptly

Negative

• Failed to timely file Form 10-Q for period ended Sep 30, 2025
• Potential delisting if compliance not achieved within deadlines
• Market uncertainty until the Form 10-Q is filed and reviewed

Key Figures

Compliance plan deadline 60 calendar days Time from November 25 Notice to submit Nasdaq compliance plan (to Jan 26, 2026)

Maximum exception period 180 calendar days Potential extension from Form 10-Q due date to regain compliance (to May 20, 2026)

Q3 2025 revenue decline 42.9% Preliminary net revenue drop for quarter ended Sept 30, 2025 vs. 2024

Q3 2025 revenues $3.9 million Preliminary net revenues for three months ended Sept 30, 2025

Q3 2024 revenues $6.8 million Net revenues for same quarter in 2024 used for comparison

Unit sales decline 4,608 units Units sold decreased from 15,056 to 10,448 in preliminary Q3 2025 data

Units sold Q3 2025 10,448 units Preliminary unit sales for quarter ended Sept 30, 2025

Units sold Q3 2024 15,056 units Unit sales for same period in 2024 used for comparison

Market Reality Check

$8.27 Last Close

Volume Volume 127,066 is well below 20-day average of 1,109,971 (rel. volume 0.11). low

Technical Price $8.27 is trading below 200-day MA at $45.88, reflecting a longer-term downtrend.

Peers on Argus 1 Down

FLYE is up 21.25% while key EV peers show mixed moves: CENN +9.71% today but down in momentum scan, EVTV -4.03%, LOBO -0.96%, AYRO +7.35%, ECDA +3.64%. With only one peer in the momentum scanner and moves in both directions, trading appears more company-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Aug 19	Earnings update	Negative	-2.2%	Q1 FY2026 revenues fell 32.3% and net loss widened to $2.0M.
Aug 15	Store opening	Positive	-87.1%	New Boston retail store expanded US footprint but shares fell sharply.
Aug 07	Partnership/expansion	Positive	+2.6%	Entry into Mexico and partnership with TECHNOLOGIES E-SOLOMO for expansion.
Jul 28	Listing compliance	Positive	+1.7%	Regained Nasdaq minimum bid compliance with 11 days above $1.00.
Jul 15	Full-year earnings	Negative	+0.0%	FY2025 revenues fell 21.0% and swung to a $5.3M net loss.

Pattern Detected

Recent news reactions are mixed, with generally modest moves except for a sharp selloff on positive Boston expansion news, indicating sensitivity to capital/structure issues and occasional divergence from headline tone.

Recent Company History

Over the past few months, Fly-E reported challenging results, including a 21.0% revenue decline to $25.4M and a net loss of $5.3M for FY2025, followed by a 32.3% Q1 FY2026 revenue drop to $5.3M and a wider $2.0M loss. Operationally, it expanded with a Boston store and entered Mexico via a strategic partnership. It also regained Nasdaq minimum bid compliance on July 22, 2025. Today’s delinquent 10-Q notice contrasts with July’s prior bid-price compliance milestone and follows weak preliminary Q3 revenue trends disclosed in the NT 10-Q filing.

Market Pulse Summary

This announcement highlights a Nasdaq notice that Fly-E has not yet filed its Form 10-Q for the quarter ended September 30, 2025, triggering a 60-day window to submit a compliance plan and a potential 180-day extension. Combined with previously disclosed preliminary Q3 revenue declines and earlier reverse-split and governance actions, investors may focus on the timing of the eventual 10-Q filing and whether it confirms or revises the preliminary trends.

Key Terms

form 10-q regulatory

"its Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”)."

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

nasdaq capital market regulatory

"effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

u.s. securities and exchange commission regulatory

"timely filed with the U.S. Securities and Exchange Commission (the “Commission”)"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ: FLYE, the “Company”), an electric vehicle company engaged in designing, installing, selling and renting smart electric motorcycles, electric bikes, and electric scooters, announced today that on November 25, the Company received a written notice (the “Notice”) from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it currently does not satisfy Listing Rule 5250(c)(1), as a result of not having timely filed with the U.S. Securities and Exchange Commission (the “Commission”) its Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”).

The Notice is a notification of deficiency, not of imminent delisting, and has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market.

The Company has 60 calendar days from the date of the Notice, or until January 26, 2026, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-Q, or until May 20, 2026, to regain compliance. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel.

The Company’s objective is to regain compliance with the listing requirement, and the Company currently intends to file the Form 10-Q with the Commission as soon as it completes the preparation and review of its financial statements for the period ended September 30, 2025.

About Fly-E Group, Inc.

Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand "Fly E-Bike." The Company's commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company's website: https://investors.flyebike.com.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For investor and media inquiries, please contact:
Fly-E Group, Inc.
Investor Relations Department
Email: ir@flyebike.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

What did Fly-E (FLYE) disclose about the late Form 10-Q for Sep 30, 2025?

Fly-E disclosed it received a Nasdaq deficiency notice for not timely filing the Form 10-Q for the period ended Sept 30, 2025.

Does the Nasdaq notice mean Fly-E (FLYE) will be delisted immediately?

No. The notice is a deficiency and has no immediate effect on listing or trading.

What are the deadlines for Fly-E (FLYE) to regain Nasdaq compliance?

Fly-E has 60 days to submit a compliance plan (until Jan 26, 2026); Nasdaq may extend the filing deadline to May 20, 2026 if a plan is accepted.

What happens if Fly-E (FLYE) does not regain compliance with Nasdaq?

If compliance is not regained within the allowed periods, Nasdaq may notify the company that its common stock will be subject to delisting, with an opportunity to appeal.

Will Fly-E (FLYE) file the Form 10-Q and when?

The company currently intends to file the Form 10-Q as soon as it completes preparation and review of the financial statements for the period ended Sept 30, 2025.

How does the Nasdaq extension process work for Fly-E (FLYE)?

If Nasdaq accepts a submitted plan, it can grant an exception of up to 180 days from the due date, effectively extending the compliance deadline to May 20, 2026.