Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 52

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 52
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 statements. We have based
these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may
affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives,
and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those
described in the “Risk Factors” section. Moreover, we operate in a very competitive and rapidly changing environment.
New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors
on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and
trends discussed in this prospectus may not occur and actual results could differ materially and adversely from those anticipated or implied
in the forward-looking statements.

You should not rely upon forward-looking statements
as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance, or achievements. Except as required by applicable law, we undertake no duty to update any of these forward-looking
statements after the date of this prospectus or to conform these statements to actual results or revised expectations.

<div align='center'>S-20

CAPITALIZATION</div>

The following table sets forth our capitalization
as of December 31, 2024:

| ● | on an actual basis, as derived from our audited consolidated financial statements as December 31, 2024, which are incorporated by reference into this prospectus supplement; |
|:--|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | on an as adjusted basis to give further effect to the issuance and                                                                                                           
 sale of 30,612,246 Class A Ordinary Shares at the offering price of US$0.098 per Class A Ordinary Share in the previous Registered Direct                                    
 Offering;                                                                                                                                                                    |
| ● | on an as further adjusted basis to give further effect to the issuance                                                                                                       
 and sale of 107,692,307 Class A Ordinary Shares at the offering price of US$0.065 per Class A Ordinary Share, assuming all Pre-funded                                        
 Warrants are exercised, after deducting the estimated offering expenses payable