Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 79

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 79
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 or amount of proceeds required as a condition to closing                             
 in this offering, the actual public offering amount, placement agent fees, and proceeds to us, if any, are not presently determinable 
 and may be substantially less than the total maximum offering amounts set forth above.                                                |

<div align='center'>S-40</div>

We estimate expenses payable by us in connection
with this offering, other than the Placement Agent’s fees and expenses referred to above, will be approximately $125,000.

After deducting certain fees and expenses due
to the Placement Agent and our estimated offering expenses, we expect the net proceeds from this offering to be approximately $2,665,000.

Placement Agent Warrants

We have agreed to grant the Placement Agent, or
its designees, at the closing of the offering, warrants to purchase 1,836,735 Ordinary Shares, equal to 6% of the number of Ordinary shares
sold in the offering (the “Placement Agent Warrants”). The Placement Agent Warrants will have an exercise price of $0.1225
(being 125% of the public offering price per Ordinary Share) and will expire five (5) years following the closing of this offering.

Lock Up Agreement

The officers and directors of the Company have
entered into lock-up agreements, pursuant to which, each has agreed, subject to customary exceptions, for a period of six (6) months after
the final closing of this offering, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any
option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly,
any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock
of the Company, subject to customary exceptions.

Relationships

The Placement Agent and its affiliates may provide
from time to time in the future certain commercial banking, financial advisory, investment banking and other services for us in the ordinary
course of their business, for which they may receive customary fees and commissions. In addition, from time to time, the Placement Agent
and its affiliates may effect transactions for their own account or the account of customers, and hold on behalf of themselves or their
customers, long or short positions in our debt or equity securities or loans, and may do so in the future. However, except as disclosed
in this prospectus supplement, we have no present arrangements