UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
Settlement Agreement
On May 21, 2025, Fly-E Group, Inc., a Delaware corporation (the “Company”), Fly-E Bike, Inc., FlyBwy, Inc., FlyCycle, Inc., Zhou Ou, Rui Feng, and Ruifeng Guo (collectively with the Company, the “Fly E-Bike Defendants”) and UL LLC (“UL”) entered into a settlement and release agreement (the “Settlement Agreement”) on mutually acceptable settlement terms. Pursuant to the Settlement Agreement, the Fly E-Bike Defendants agreed to pay UL an aggregate amount of $1,000,000 before November 30, 2025, and entered into a Consent Judgment and Permanent Injunction pursuant to which Fly E-Bike Defendants agreed not to offer for sale, sell, or distribute products with UL Marks that were not tested and certified by UL.
The Settlement Agreement fully resolves all pending litigation between UL and Fly E-Bike Defendants, and each party fully releases the other party from any and all past or present claims, demands, causes of action, obligations, damages, liabilities, expenses, or compensation of whatever kind or nature, that were or could have been asserted in connection with the Fly E-Bike Defendants’ sales of products with a UL Mark which were not tested and certified by UL.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits are being filed herewith:
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FLY-E GROUP, INC. | ||
| Date: May 28, 2025 | By: | /s/ Zhou Ou |
| Name: | Zhou Ou | |
| Title: | Chief Executive Officer | |
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