UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
| (CHECK ONE): |
☐ Form 10-K |
☐ Form 20-F |
☐ Form 11-K |
☒ Form 10-Q |
☐ Form N-SAR |
Commission
File Number: 001-42122
| For Period Ended: September 30,
2025 |
| |
| ☐ |
Transition Report on
Form 10-K |
| ☐ |
Transition Report on
Form 20-F |
| ☐ |
Transition Report on
Form 11-K |
| ☐ |
Transition Report on
Form 10-Q |
| ☐ |
Transition Report on
Form N-SAR |
| |
|
| For the Transaction Period Ended: |
READ
INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
NOTHING
IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I - REGISTRANT INFORMATION
| Fly-E Group,
Inc. |
| Full Name of Registrant |
| |
| |
| Former Name if Applicable |
| |
| 136-40
39th Avenue |
| Address of Principal Executive Office (Street and Number) |
| |
| Flushing,
New York 11354 |
| City, State and Zip Code |
PART
II - RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
| |
|
(a) |
The reasons
described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
| ☒ |
|
(b) |
The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and |
| |
|
(c) |
The accountant’s
statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART
III - NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
The
Registrant is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 within the prescribed
time period without unreasonable effort or expense because additional time is needed to prepare the financial statements for the quarterly
period ended September 30, 2025.
The
Registrant intends to file the subject Quarterly Report on Form 10-Q on or before the fifth calendar day following the prescribed due
date.
PART
IV - OTHER INFORMATION
| (1) |
Name and telephone number
of person to contact in regard to this notification |
| Zhou
Ou |
|
(929) |
|
261-9979 |
| (Name) |
|
(Area Code) |
|
(Telephone Number) |
| (2) |
Have all other periodic
reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?
If answer is no, identify report(s). |
☒ Yes ☐ No
| (3) |
Is it anticipated that
any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof? |
☒ Yes ☐ No
If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why
a reasonable estimate of the results cannot be made.
For
the three months ended September 30, 2025 the Registrant’s net revenues decreased by 42.9% to $3.9 million, compared to $6.8 million
for the same period in 2024, which was primarily driven by a decrease in total units sold, which dropped by 4,608 units, from 15,056
units for the three months ended September 30, 2024, to 10,448 units for the three months ended September 30, 2025. The decrease in volume
also attributed in part to the closures and disposition of our retail stores during the three months ended September 30, 2025. The decrease
in average sales price was primarily attributable to changes in product mix and promotional pricing strategies implemented during the
three months ended September 30, 2025.
The
amounts reported above are still under review and may differ once reported in the Annual Report to be filed by the Registrant.
Cautionary
Note Regarding Forward-Looking Statements
This
Notification of Late Filing on Form 12b-25, or this Form 12b-25, contains “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking
statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,”
“believe,” “may,” “future,” “plan,” “should” or “expects.” Forward-looking
statements in this Form 12b-25 include, but are not limited to, the expected timing of the filing of the Form 10-Q and the Registrant’s
expected financial results to be included in the Form 10-Q. You are cautioned that such statements are subject to a multitude of risks
and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking
statements, including risks and uncertainties related to the compilation and finalization of the Registrant’s financial statements
and Quarterly Report. These and other risks are identified in the Registrant’s filings with the Securities and Exchange Commission,
including, without limitation, the Registrant’s Annual Report on Form 10-K for the year ended March 31, 2025, and in other filings
subsequently made by the Registrant. All forward-looking statements contained in this Form 12b-25 speak only as of the date on which
they were made and are based on management’s assumptions and estimates as of such date. The Registrant does not undertake any obligation
to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events
or otherwise.
Fly-E
Group, Inc.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: |
November 17, 2025 |
By: |
/s/
Zhou Ou |
| |
|
|
Zhou Ou |
| |
|
|
Chief Executive Officer |
