Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 24

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 24
---
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 12,396,000 Class A Ordinary Shares and the pre-funded warrants to purchase up to 18,216,246 Class A Ordinary
Shares. In addition, under the LOE the Company agreed to pay the Placement Agent a placement agent fee in cash equal to six percent (6.0%)
and a non-accountable expense allowance equal to one percent (1.0%) 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 agreed to sell to 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
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, 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, at a purchase price of $$0.0.0979 per pre-funded warrant
(equal to the purchase price per Class A Ordinary Share, less the exercise price of $0.0001 per share).

The Registered Direct Offering closed 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.

Second Registered Direct Offering

On July 31, 2025, the Company entered into a second