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

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 25
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letter of engagement (the “Second LOE”) with Craft pursuant to which the Company engaged Craft as the exclusive placement
agent in connection with the Second Registered Direct Offering. The terms of the Second LOE are substantially similar to the original
LOE entered into in relation to the earlier Registered Direct Offering closed on July 28, 2025. Under the Second LOE, the Placement Agent agreed
to use its reasonable best efforts to arrange for the sale of the 32,155,921 Class A Ordinary Shares and the Pre-Funded Warrants to purchase
up to 75,536,386 Class A Ordinary Shares. In addition, under the Second 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 Second Registered Direct Offering in an amount not to exceed $125,000. Furthermore, the Company has agreed
to sell to the Placement Agent warrants (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 31, 2025, the Company entered into a securities
purchase agreement (the “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 “Second Registered Direct Offering”): (i) 32,155,921
shares of Class A Ordinary Shares, at a purchase price of $0.065 per share; and (ii) the Pre-Funded Warrants to purchase up to 75,536,386
Class A Ordinary Shares, at a purchase price of $$0.0.0649 per Pre-Funded Warrant (equal to the purchase price per Class A Ordinary Share,
less the exercise price of $0.0001 per share).

The Second Registered Direct Offering is expected
to close on August 1, 2025. The Company received approximately $7 million in gross proceeds from the Second Registered Direct Offering,
before deducting placement agent fees and estimated offering expenses. The