Nasdaq warns Fly-E Group (Nasdaq: FLYE) after late 10-K filing
Rhea-AI Filing Summary
Fly-E Group, Inc. reported that on July 21, 2026 it received a delinquency notification letter from Nasdaq’s Listing Qualifications Staff for non-compliance with Nasdaq Listing Rule 5250(c)(1), after failing to timely file its Annual Report on Form 10-K for the period ended March 31, 2026. The notice has no immediate effect on the listing, but the company’s securities will be subject to delisting if it does not timely regain compliance.
The notice permits Fly-E to submit a plan to regain compliance by September 21, 2026, and if Nasdaq accepts the plan it may grant up to 180 days from the Form 10-K due date, or until January 11, 2027, to regain compliance. Fly-E filed the delayed Form 10-K on July 23, 2026, which would eliminate the need for the company to submit a formal plan to regain compliance. The company also issued a press release on July 23, 2026, as required under Nasdaq Listing Rule 5810(b).
Positive
- Delayed Form 10-K now filed on July 23, 2026 for the period ended March 31, 2026, which would eliminate the need for the company to submit a formal compliance plan to Nasdaq.
Negative
- Nasdaq delinquency notice and delisting risk arising from failure to timely file the Form 10-K for the period ended March 31, 2026; the company’s securities will be subject to delisting if it does not timely regain compliance with Listing Rule 5250(c)(1).
8-K Event Classification
2 items: 3.01, 9.01
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Nasdaq notice date: July 21, 2026
Reporting period end: March 31, 2026
Compliance plan deadline: September 21, 2026
+2 more
5 metrics
Nasdaq notice date
July 21, 2026
Date Fly-E Group received the Nasdaq delinquency notification letter
Reporting period end
March 31, 2026
Period covered by the delayed Annual Report on Form 10-K
Compliance plan deadline
September 21, 2026
Last date to submit a plan to regain compliance under the Nasdaq notice
Potential extension deadline
January 11, 2027
Latest date Nasdaq may allow for regaining compliance, 180 days from the Form 10-K due date
10-K filing date
July 23, 2026
Date Fly-E Group filed the delayed Annual Report on Form 10-K
Key Terms
Nasdaq Listing Rule 5250(c)(1), delinquency notification letter, Nasdaq Hearings Panel, Forward-Looking Statements, +1 more
5 terms
Nasdaq Listing Rule 5250(c)(1) regulatory
"non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
delinquency notification letter regulatory
"it received a delinquency notification letter from the Listing Qualifications Staff"
A delinquency notification letter is a formal notice sent by a lender or servicer to a borrower informing them that a scheduled payment has been missed and outlining next steps, fees, or deadlines to cure the delinquency. For investors, these letters signal higher credit risk in a loan portfolio—like a red flag on a borrower’s payment behavior—and can foreshadow reduced cash flow, higher collection costs, or eventual default that affect returns.
Nasdaq Hearings Panel regulatory
"the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
Forward-Looking Statements regulatory
"Forward-Looking Statements Certain statements in this announcement are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"including the section under "Risk Factors" of its most recent Annual Report on Form 10-K"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What Nasdaq notice did Fly-E Group (FLYE) receive on July 21, 2026?
On July 21, 2026, Fly-E Group received a delinquency notification letter from Nasdaq’s Listing Qualifications Staff for non-compliance with Listing Rule 5250(c)(1), because it had not timely filed its Annual Report on Form 10-K for the period ended March 31, 2026.
Why was Fly-E Group (FLYE) non-compliant with Nasdaq Listing Rule 5250(c)(1)?
Fly-E Group was non-compliant with Nasdaq Listing Rule 5250(c)(1) because it failed to timely file its required Annual Report on Form 10-K for the period ended March 31, 2026, which is a mandated periodic report for all Nasdaq-listed companies.
What deadlines has Nasdaq set for Fly-E Group (FLYE) to regain compliance?
Nasdaq’s notice allows Fly-E Group to submit a compliance plan by September 21, 2026. If Nasdaq accepts that plan, it may grant up to January 11, 2027—180 days from the Form 10-K due date—for the company to regain compliance with the listing rule.
Has Fly-E Group (FLYE) filed its delayed Form 10-K?
Yes. Fly-E Group filed its delayed Annual Report on Form 10-K for the period ended March 31, 2026 on July 23, 2026, which would eliminate the need for the company to submit a formal plan to regain compliance under the Nasdaq notice.
Does the Nasdaq notice immediately affect Fly-E Group (FLYE) listing status?
No. The delinquency notification letter has no immediate effect on Fly-E Group’s Nasdaq listing. However, if the company fails to timely regain compliance with Listing Rule 5250(c)(1), its securities will be subject to delisting from the Nasdaq Stock Market.
What options does Fly-E Group (FLYE) have if Nasdaq rejects its compliance plan?
If Nasdaq does not accept any submitted compliance plan, Fly-E Group will have the opportunity to appeal the decision to a Nasdaq Hearings Panel, which can review the matter and determine whether the company’s securities should remain listed.