Core Viewpoint - Fly-E Group, Inc. has executed a reverse stock split at a 20-for-1 ratio, which may indicate financial distress or an effort to meet exchange listing requirements [1][5] Group 1: Corporate Actions - The reverse stock split was executed on November 4, 2025, consolidating shares and potentially increasing the stock price [1][5] - The reverse stock split may also signal financial distress for the company [1][5] Group 2: Legal Challenges - A class action lawsuit has been filed by Johnson Fistel, PLLP against Fly-E Group, targeting the period from July 15, 2025, to August 14, 2025, seeking to recover losses for investors [2] - The lawsuit could negatively impact Fly-E's financial health and investor trust [2][5] Group 3: Stock Performance - Fly-E's stock has shown significant volatility, trading between $6.85 and $10.37 today, with a yearly high of $166 and a low of $6.85 [3] - The company's market capitalization is approximately $138.4 million, with a trading volume of 92,697 shares, indicating investor interest and activity [4]
Fly-E Group, Inc. (NASDAQ: FLYE) Executes Reverse Stock Split Amid Legal Challenges