Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 79

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 79
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 a notice of exercise, provided that payment of the exercise price has been made (unless exercised to the extent permitted via
the “cashless” exercise provision). Prior to the exercise of any Pre-funded Warrants to purchase Class A Ordinary Shares,
holders of the Pre-funded Warrants will not have any of the rights of holders of the Class A Ordinary Shares purchasable upon exercise,
including the right to vote, except as set forth therein.

Pre-funded Warrants may be exercised only if the
issuance of the Class A Ordinary Shares is covered by an effective registration statement, or an exemption from registration is available
under the Securities Act and the securities laws of the state in which the holder resides. We intend to use commercially reasonable efforts
to have the registration statement, of which this prospectus forms a part, effective when the Pre-funded Warrants are exercised. The Pre-funded
Warrant holders must pay the exercise price in cash upon exercise of the Pre-funded Warrants unless there is not an effective registration
statement or, if required, there is not an effective state law registration or exemption covering the issuance of the shares underlying
the Pre-funded Warrants (in which case, the Pre-funded Warrants may only be exercised via a “cashless” exercise provision).

Exchange Listing

We do not intend to list the Pre-funded Warrants or Placement Agent
Warrants on any securities exchange or other trading system.

Right as a Stockholder

Except as otherwise provided in the Pre-Funded
Warrants or by virtue of such holder’s ownership of shares of our Class A Ordinary Shares, the holders of the Pre-Funded Warrants
do not have the rights or privileges of holders of our Class A Ordinary Shares, including any voting rights, until they exercise their
Pre-Funded Warrants.

<div align='center'>S-39

PLAN OF DISTRIBUTION</div>

Craft Capital Management LLC has agreed to act as the exclusive Placement
Agent in connection with this offering. The Placement Agent is not required to arrange the purchase or sale of any specific number or
dollar amount of our securities, but has agreed to use its best efforts to arrange for the sale of our securities. We have entered into
the Securities Purchase Agreement, dated July 31, 2025, directly with the investors in this offering pursuant to which we plan to sell
to such investors an aggregate of (i) 32,155,921 Class A Ordinary Shares and (ii) Pre-Funded Warrants exercisable for up to 75,536