Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 75

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 75
---
 of Crime Act (Revised) of the Cayman Islands) or the Financial Reporting
Authority of the Cayman Islands, pursuant to the Proceeds of Crime Act (Revised), if the disclosure relates to criminal conduct or money
laundering or (ii) to a police constable or a nominated officer (pursuant to the Terrorism Act (Revised) of the Cayman Islands) or the
Financial Reporting Authority, pursuant to the Terrorism Act (Revised), if the disclosure relates to involvement with terrorism or terrorist
financing and terrorist property. Such a report shall not be treated as a breach of confidence or of any restriction upon the disclosure
of information imposed by any enactment or otherwise.

Listing

Our Class A Ordinary Shares are listed on Nasdaq
under the symbol “RAYA.”

Transfer Agent and Registrar

The transfer agent and registrar for the ordinary
shares is VStock Transfer, LLC.

Pre-funded Warrants

The term “Pre-funded” refers to the
fact that the purchase price of the warrants in this offering includes almost the entire exercise price that will be paid under the Pre-funded
Warrants, except for a nominal remaining exercise price of $0.001. The purpose of the Pre-funded Warrants is to enable investors that
may have restrictions on their ability to beneficially own more than 4.99% (or, upon election of the holder, 9.99%) of our outstanding
Class A Ordinary Shares following the consummation of this offering the opportunity to make an investment in the Company without triggering
their ownership restrictions, by receiving Pre-funded Warrants in lieu of our Class A Ordinary Shares which would result in such ownership
of more than 4.99% (or 9.99%), and receive the ability to exercise their option to purchase the shares underlying the Pre-funded Warrants
at such nominal price at a later date.

<div align='center'>S-38</div>

Exercise of Warrants

Each Pre-funded Warrant is exercisable for one
share of our Class A Ordinary Shares, with an exercise price equal to $0.0001 per share, at any time that the Pre-funded Warrant is outstanding.
The Pre-funded Warrants will be exercisable immediately after issuance and will expire when exercised in full. The holder of a Pre-funded
Warrant will not be deemed a holder of our underlying Class A Ordinary Shares until the Pre-funded Warrant is exercised.

Subject to limited exceptions, a holder of Pre-funded
Warrants will not have