Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 76

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 76
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 the right to exercise any portion of its Pre-funded Warrants if the holder (together with such holder’s affiliates,
and any persons acting as a group together with such holder or any of such holder’s affiliates) would beneficially own a number
of Class A Ordinary Shares in excess of 4.99% (or, at the election of the purchaser prior to the date of issuance, 9.99%) of our Class
A Ordinary Shares then outstanding after giving effect to such exercise.

The exercise price and the number of shares issuable
upon exercise of the Pre-funded Warrants is subject to appropriate adjustment in the event of recapitalization events, stock dividends,
stock splits, stock combinations, reclassifications, reorganizations or similar events affecting our Class A Ordinary Shares. The Pre-funded
Warrant holders must pay the exercise price in cash upon exercise of the Pre-funded Warrants, unless such Pre-funded Warrant holders are
utilizing the cashless exercise provision of the Pre-funded Warrants.

Upon the holder’s exercise of a Pre-funded
Warrant, we will issue Class A Ordinary Shares issuable upon exercise of the Pre-funded Warrant within two trading days following our
receipt of 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