Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - A significant 32% decrease in net revenue was reported, attributed to a decline in total units sold, as consumer confidence was affected by incidents of lithium battery explosions [7]. - Following the negative news, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [7]. Next Steps - Investors who acquired Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
FLY-E DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Fly-E Investors of the November 7th Deadline