Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 53

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 53
---
 US $ |  0.12 |   |
| As adjusted net tangible book value per Class A Ordinary Share after this offering             |     | US $ |  0.28 |   |
| Net tangible book value dilution per Class A Ordinary Share to new investors                   |     | US $ | (0.18 | ) |

The foregoing table and discussion is based on
49,588,235 Class A Ordinary Shares outstanding as of December 31, 2024.

This discussion of dilution, and the table quantifying
it, assumes no exercise of any outstanding options over our ordinary shares.

<div align='center'>S-22

USE OF PROCEEDS</div>

We estimate that the net proceeds from this offering will be approximately
$2,880,000, assuming all Pre-funded Warrants and Placement Agent Warrants are exercised and after deducting the estimated offering expenses
payable by us.

We intend to use the net proceeds from this offering
in the following manner:

| ● | Automated warehousing system (40%) |

| ● | Product development and certification (approximately 20%) |

| ● | Sales and marketing, including U.S. and EU market expansion (approximately 20%) |

| ● | Working capital and inventory replenishment (approximately 20%) |

The Company is not subject to any contractual
obligations that would require it to use the proceeds in a manner inconsistent with the registration statement.

The amounts and timing of our use of proceeds
will vary depending on a number of factors, including the amount of cash generated or used by our operations, and the rate of growth,
if any, of our business. As a result, we will retain broad discretion in the allocation of the net proceeds of this offering.

<div align='center'>S-23

DESCRIPTION OF SHARE CAPITAL</div>

We are a Cayman Islands exempted company and our
corporate affairs are governed by our memorandum and articles of association, as amended from time to time, and the Companies Act (Revised)
of the Cayman Islands, which we refer to as the Companies Act below, and the common law of Cayman Islands.

As of the date of this prospectus, the authorized
share capital of the Company is US$50,000 divided into 500,000,000 ordinary shares, of which 450,000,000 shares are Class A Ordinary Shares
and 50,000,000 shares are Class B ordinary shares of par value of US$0.0001 each