Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 22

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 22
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 2024, to regain compliance with the minimum bid price requirement. On May 14, 2023, the Company received a written notice from Nasdaq granting the Company an additional 180 calendar day period, or until November 11, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2).

On November 4, 2024, the Company received a letter
from Nasdaq confirming that the Company regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the
Nasdaq Listing Rules. For ten consecutive business days, beginning from October 21, 2024 to November 1, 2024, the closing bid price of
the Company’s Class A Ordinary Shares has been at $1.00 per share or greater, and therefore the Company has regained compliance
with the minimum bid price requirement.

Extraordinary General Shareholder Meeting

On September 8, 2025, the Company held an extraordinary
general shareholder meeting (“EGM”) at which the shareholders approved, among others, a share consolidation of the Company’s
issued and unissued ordinary shares at a ratio of not less than 1-for-120 and not more than 1-for-220 (the “Range”), with
the exact ratio within the Range and the exact date to be determined by the Board in its sole discretion within 1 year. On September 8,
2025, the Board approved a share consolidation at a ratio of 1-for-220, resulting in a change of the Company’s authorized share
capital from US$50,000 divided into 500,000,000 ordinary shares of a par value of US$0.0001 each comprising (a) 450,000,000 class A ordinary
shares of a par value of US$0.0001 each and (b) 50,000,000 class B ordinary shares of a par value of US$0.0001 each, to US$50,000 divided
into 2,272,727.27 ordinary shares of a par value of US$0.022 each comprising (a) 2,045,454.54 class A ordinary
shares of a par value of US$0.022 each and (b) 227,272.72 class B ordinary shares of a par value of US$0.022 each. The Company anticipates that the share consolidation will be effective
upon the commencement of trading on the Nasdaq Capital Market