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 information about the company's projected revenue and sales, while the actual demand for its electric vehicle products fell short [7]. - The complaint highlights that Fly-E's optimistic revenue goals were not met, and risks associated with lithium batteries, supply chain changes, and regulatory environments were downplayed [7]. - A significant 32% decrease in net revenue was reported, attributed to a decline in total units sold due to customer hesitance linked to lithium battery explosion incidents [7]. Financial Impact - Following the SEC filing on August 14, 2025, which disclosed the revenue decrease, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4].
FLY-E FINAL DEADLINE REMINDER: Bragar Eagel & Squire, P.C. Urges Fly-E Investors to Contact the Firm Before the November 7th Deadline Regarding Their Rights