Fly-E Group, Inc.’s Lock-Up Period Will Expire 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 IPO on June 6th. The total size of the offering was $9,000,000 based on an initial share price of $4.00. After the end of Fly-E Group’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

Shares of FLYE stock opened at $0.45 on Tuesday. The business’s 50 day simple moving average is $0.62. Fly-E Group has a 12-month low of $0.43 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.