Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 78

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 78
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 purchase price of each Share, and will expire five (5) years following the closing of this offering.

We agreed to indemnify the investors against certain
losses resulting from our breach of any of our representations, warranties, or covenants under agreements with the investors as well as
under certain other circumstances described in the Securities Purchase Agreement.

Fees and Expenses

We have agreed to pay
the Placement Agent a total cash fee equal to six percent (6.0%) of the aggregate gross proceeds raised in this offering, and a non-accountable
expense allowance of one percent (1.0%) of the aggregate gross proceeds raised in this offering. We have also agreed to issue to the Placement
Agent the Warrants to purchase up to 1,836,735 Class A Ordinary Shares as compensation for their services.

The table below reflects the total offering
proceeds, before deducting the estimated offering expenses.

|                                 |     | Per Class A 
 ordinary    
 share       |         |     | Per Pre- 
 Funded   
 Warrant  |         |     | Approximate                                                
 Total (assuming all Pre-Funded Warrants are exercised) (2) |           |
|:--------------------------------|:----|:------------|--------:|:----|:---------|--------:|:----|:-----------------------------------------------------------|----------:|
| Public offering price           |     | $           |  0.0980 |     |          |  0.0980 |     | $                                                          | 3,000,000 |
| Placement Agent Fees(1)         |     | $           | 0.00588 |     |          | 0.00588 |     | $                                                          |   180,000 |
| Proceeds to us, before expenses |     | $           | 0.09212 |     |          | 0.09212 |     | $                                                          | 2,820,000 |

| (1) | We have agreed to pay the Placement Agent a cash fee equal to 6% of the aggregate gross proceeds raised                                  
 in this offering. In addition, we have agreed to reimburse the Placement Agents for certain offering-related expenses and to issue to    
 the Placement Agent warrants to purchase up to a number of Ordinary Shares equal to 6% of the aggregate number of shares of Shares being 
 offered at an exercise price equal to 125% of the public offering price of the Shares.                                                   |

| (2) | Because there is no minimum number of securities