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FLYE's shares of common stock have been approved for listing and are expected to begin trading on the Nasdaq Capital Market under the symbol "FLYE" on June 6, 2024.
The gross proceeds to FLYE from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, will be $9.0 million (or $10.35 million if the underwriters' option to purchase additional shares of common stock from us is exercised in full).
FLYE intends to use the net proceeds from this offering to cover the purchase of inventory and production costs of its vehicles, the expansion of its retail stores, its technology, research and development initiatives, and for general corporate purposes.
Posted In: FLYE
