Fly-E Group, Inc.’s Lock-Up Period To End on December 3rd (NASDAQ:FLYE)

Fly-E Group’s (NASDAQ:FLYE) lock-up period will expire on Tuesday, December 3rd. Fly-E Group had issued 2,250,000 shares in its initial 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 the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Fly-E Group Stock Performance

NASDAQ:FLYE opened at $0.43 on Friday. The firm has a 50-day moving average of $0.60. Fly-E Group has a 12 month low of $0.41 and a 12 month high of $7.62.

Fly-E Group Company Profile

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.