Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 188

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 188
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| ● | the                                                
 term of any rights to redeem or call the warrants; |

| ● | any                                                                                                                            
 provisions for changes to or adjustments in the exercise price or number of securities issuable upon exercise of the warrants; |

| ● | the                                                                         
 dates on which the right to exercise the warrants will commence and expire; |

| ● | the                                                                 
 manner in which the warrant agreement and warrants may be modified; |

| ● | federal                                                        
 income tax consequences of holding or exercising the warrants; |

| ● | the                                                                 
 terms of the securities issuable upon exercise of the warrants; and |

| ● | any                                                                                          
 other specific terms, preferences, rights or limitations of or restrictions on the warrants. |

Before exercising their warrants, holders of warrants
will not have any of the rights of holders of the securities purchasable upon such exercise, including:

| ● | in                                                                                                                                   
 the case of warrants to purchase debt securities, the right to receive payments of principal of, or premium, if any, or interest on, 
 the debt securities purchasable upon exercise or to enforce covenants in the applicable indenture; or                                |

| ● | in                                                                                                                                           
 the case of warrants to purchase our ordinary shares, the right to receive dividends, if any, or, payments upon our liquidation, dissolution 
 or winding up or to exercise voting rights, if any.                                                                                          |

<div align='center'>53</div>

Exercise of Warrants

Each warrant will entitle the holder to purchase
the securities that we specify in the applicable prospectus supplement at the exercise price that we describe in the applicable prospectus
supplement. Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at
any time up to the specified time on the expiration date that we set forth in the applicable prospectus supplement. After the close of
business on the expiration date, unexercised warrants will become void.

Holders of the warrants may exercise the warrants
by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required
amount to the warrant agent in immediately available funds, as provided in the applicable prospectus supplement. We will set forth on
the reverse side of the warrant certificate and in the applicable prospectus supplement the information that the holder of the warrant
will be required to deliver to the warrant agent.

Upon receipt of the required payment and the warrant
certificate properly completed and duly executed at the corporate trust office