Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 14

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 14
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, if any. Furthermore, if our subsidiaries in the PRC incur debt on their own in the future,
the instruments governing the debt may restrict their ability to pay dividends or make other payments.

We have engaged Craft Capital Management LLC (whom we refer to herein
as the “Placement Agent”) to act as our exclusive placement agent in connection with the securities offered by this prospectus.
The Placement Agent has no obligation to buy any of the securities from us or to arrange for the purchase or sale of any specific number
or dollar amount of securities but has agreed to use its reasonable best efforts to arrange for the sale of the securities offered by
this prospectus. We have agreed to pay the Placement Agent a fee based upon the aggregate gross proceeds raised in this offering as set
forth in the table below.

We are an “emerging growth company” under the federal securities laws and will be subject to reduced public company reporting requirements. See “Prospectus Summary — Implications of Being an Emerging Growth Company” on page 14 for additional information.

Investing in our securities being offered pursuant to this prospectus involves a high degree of risk. You should carefully read and consider the “Risk Factors’’ section of this prospectus, and risk factors set forth in our most recent annual report on Form 20-F, in other reports incorporated herein by reference,and in the applicable prospectus supplement before you make your investment decision.

Neither the Securities and Exchange Commission, the Cayman Islands Monetary Authority, nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|                                 |     | 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 |