Fly-E Group, Inc.’s (NASDAQ:FLYE) Quiet Period Will Expire on July 16th

Fly-E Group’s (NASDAQ:FLYE) quiet period is set to expire on Tuesday, July 16th. 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. During Fly-E Group’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Fly-E Group Stock Performance

NASDAQ FLYE opened at $6.68 on Tuesday. Fly-E Group has a fifty-two week low of $3.59 and a fifty-two week high of $7.62.

About Fly-E Group

Fly-E Group Inc is an electric vehicle company which is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. Fly-E Group Inc is based in New York.