Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 24

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 24
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 9, 2024.

Registered Direct Offering

On July 22, 2025, the Company entered into a letter
of engagement (the “LOE”) with Craft Capital Management LLC (“Craft”
or the “Placement Agent”), pursuant to which the Company engaged Craft as the
exclusive placement agent in connection with the Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts
to arrange for the sale of the Shares and the Pre-Funded Warrants. In addition, under the Placement Agency Agreement the Company agreed
to pay the Placement Agent a placement agent fee in cash equal to seven percent (6.0%) of the aggregate gross proceeds raised from the
sale. The Company also agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection
with the Registered Direct Offering in an amount not to exceed $125,000. Furthermore, the Company has agreed to sell to the Placement
Agent warrants (the “Placement Agent Warrants”) to purchase up to 6% of the aggregate number of Class A ordinary shares sold
in the offering, including shares issued pursuant to the exercise of the over-allotment option, at a price equal to 125% of the price
of our Class A ordinary shares offered.

On July 25, 2025, the Company entered into a securities
purchase agreement (the “Purchase Agreement”) with certain institutional investors named thereto, pursuant to which the Company
agreed to issue and sell, in a registered direct offering (the “Registered Direct Offering”): (i) 12,396,000 shares of Class
A ordinary shares (the “Class A Ordinary Shares”) of the Company, par value $0.0001 per share (the “Shares”),
at a purchase price of $0.098 per share; and (ii) pre-funded warrants to purchase up to 18,216,246 Class A Ordinary Shares (the “Pre-Funded
Warrants”) at a purchase price of $$0.0.098 to the purchase price for Shares, less the exercise price of $0.0001 per share.

The Registered Direct Offering is expected to
close on July 28, 2025. The Company received approximately $3 million in gross proceeds from the Registered Direct Offering, before deducting
placement agent fees and estimated offering expenses. The Company intends to use the net proceeds from the Registered Direct Offering
for working capital and general corporate purposes.

The Pre-Funded Warrants were sold to the Purchasers