US EditionAmerican Trust Investment Services Serves as Exclusive Placement Agent for Fly-E Group Inc.'s Follow-On Offering
- Fly-E Group Inc., an American company specializing in electric mobility products, completed a follow-on public offering in New York on June 4, 2025, securing additional funding.
- The offering followed amendments to the company's Registration Statement and was influenced by its goal to expand inventory and production capacities.
- The offering included 28,595,553 shares of common stock priced at $0.2428 each, along with 57,191,106 five-year warrants exercisable at $0.2913 per share.
- Gross proceeds before fees amounted to approximately $6.94 million, and CEO James Dever of American Trust Investment Services said they are proud to support Fly-E's growth strategy.
- Fly-E intends to use net proceeds to purchase inventory, fund vehicle production, and support general corporate purposes, aiming to accelerate sustainable mobility expansion.
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Leaning Left6Leaning Right6Center18Last UpdatedBias Distribution60% Center
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