Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 80

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 80
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Class A Ordinary Shares. We negotiated the price for the Class A Ordinary Shares and the Pre-Funded Warrants offered in this offering
with the investors. The factors considered in determining the price of the Class A Ordinary Shares and Pre-Funded Warrants included the
recent market price of our Class A Ordinary Shares, the general condition of the securities market at the time of this offering, the history
of, and the prospects, for the industry in which we compete, our past and present operations, and our prospects for future revenues.

In connection with the Offering, we will also issue, as additional
compensation, warrants (the “Placement Agent Warrants”) to Craft Capital Management LLC (the “Placement Agent”)
or its designees to purchase an aggregate of up to 6,461,538 Class A Ordinary Shares, being 6% of the aggregate number of the Shares and
Pre-funded Warrant Shares (such shares that are issuable from time to time upon exercise of the Placement Agent Warrants (the “Placement
Agent Warrant Shares”)). The Placement Agent Warrants are issuable to the Placement Agent or its designees and are exercisable immediately
after issuance and from time to time, in whole or in part, at an exercise price equal to $0.08125, being 125% of the purchase price of
each Share, and will expire five (5) years following the closing of this offering.

We agreed to indemnify the investors against certain
losses resulting from our breach of any of our representations, warranties, or covenants under agreements with the investors as well as
under certain other circumstances described in the Securities Purchase Agreement.

Fees and Expenses

We have agreed to pay the Placement Agent a total cash fee equal to
six percent (6.0%) of the aggregate gross proceeds raised in this offering, and a non-accountable expense allowance of one percent (1.0%)
of the aggregate gross proceeds raised in this offering. We have also agreed to issue to the Placement Agent the Warrants to purchase
up to 6,461,538 Class A Ordinary Shares as compensation for their services.

The table below reflects the total offering
proceeds, before deducting the estimated offering expenses.

|                                 |     | Per Class A 
 ordinary    
 share       |        |     | Per Pre- 
 Funded   
 Warrant  |        |     | Approximate                                                
 Total (assuming all Pre-Funded Warrants are exercised) (2) |