On October 30, 2026, Peapack Private Bank filed a complaint in New York Supreme Court against Fly-E Group and its subsidiaries, seeking at least $3.9 million in outstanding principal plus interest and fees under a $5 million revolving credit facility that matured on August 31, 2025. The lender alleges breaches of the Credit Facility and related guaranties following the expiration of a forbearance agreement, and seeks possession of collateral securing the obligations. The company is reviewing the complaint and evaluating its defenses. Fly-E Group operates in the electric vehicle and e-bike manufacturing industry.
