Exhibit 107
Calculation of Filing Fee Tables
Form S-3
AYRO, Inc.
Table 1: Newly Registered and Carry Forward Securities
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered (1) | Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial effective date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||||||||||||||||||||
| Newly Registered Securities | ||||||||||||||||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Common Stock, par value $0.0001 per share | Rule 457(c) | 104,184,223 | (2) | $ | 2.5076 |
(3) | $ | 261,252,357.59 | $ | 0.00011020 | $ | 28,790.01 | ||||||||||||||||||||||||||||
| Fees Previously Paid | Equity | Common Stock, par value $0.0001 per share | Rule 457(c) | 938,597 | (2) (4) | 3.698 |
(4)(5) | 3,470,931.71 | (4) | 0.00011020 | 382.50 | |||||||||||||||||||||||||||||||
| Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||
| Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||
| Total Offering Amounts | $ | 264,723,289.30 | ||||||||||||||||||||||||||||||||||||||||
| Total Fees Previously Paid | 382.50 | |||||||||||||||||||||||||||||||||||||||||
| Total Fee Offsets | ||||||||||||||||||||||||||||||||||||||||||
| Net Fee Due | $ | 28,790.01 | ||||||||||||||||||||||||||||||||||||||||
| (1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the shares being registered hereunder include such indeterminate number of shares of common stock as may be issuable with respect to the shares being registered hereunder as a result of stock splits, stock dividends or similar transactions. | |
| (2) | Represents an aggregate of 105,122,820 shares of common stock, par value $0.0001 per share (the “Common Stock”), issuable upon the conversion of shares of Series H-7 convertible preferred stock or upon exercise of certain warrants. | |
| (3) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) under the Securities Act, based on the average of the high and low prices of the Common Stock as reported on The Nasdaq Capital Market on September 26, 2023, of $2.5076 per share. | |
| (4) | Effective as of 4:00 p.m. (New York time) on September 15, 2023, AYRO, Inc. filed an amendment to its Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued and outstanding shares of its common stock, at a ratio of one share for eight shares (the “Reverse Stock Split”). These amounts have been adjusted to reflect the Reverse Stock Split. | |
| (5) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) under the Securities Act, based on the average of the high and low prices of the Common Stock as reported on The Nasdaq Capital Market on September 5, 2023, of $0.46225 per share. |