Fly-E Group, Inc.’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:FLYE)

Fly-E Group’s (NASDAQ:FLYE) lock-up period is set to expire on Tuesday, December 3rd. Fly-E Group had issued 2,250,000 shares in its public offering on June 6th. The total size of the offering was $9,000,000 based on an initial share price of $4.00. After the expiration of Fly-E Group’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Fly-E Group Stock Down 2.9 %

NASDAQ FLYE opened at $0.42 on Monday. The stock has a 50 day moving average of $0.60. Fly-E Group has a 52-week low of $0.41 and a 52-week high of $7.62.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.