Fly-e group, inc. announces closing of its initial public offering

New york, n.y., june 07, 2024 (globe newswire) -- fly-e group, inc. (nasdaq: flye) (“flye”) today announced the closing of its initial public offering of 2,250,000 shares of its common stock, par value $0.01 per share, at an initial public offering price to the public of $4.00 per share. flye granted the underwriters a 30-day overallotment option to purchase up to an additional 337,500 shares of common stock from flye at the initial public offering price, less underwriting discounts and commissions.
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