Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 77

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 77
---
 Warrants or Placement Agent
Warrants on any securities exchange or other trading system.

Right as a Stockholder

Except as otherwise provided in the Pre-Funded
Warrants or by virtue of such holder’s ownership of shares of our Class A Ordinary Shares, the holders of the Pre-Funded Warrants
do not have the rights or privileges of holders of our Class A Ordinary Shares, including any voting rights, until they exercise their
Pre-Funded Warrants.

<div align='center'>S-39

PLAN OF DISTRIBUTION</div>

Craft Capital Management LLC has agreed to act
as the exclusive Placement Agent in connection with this offering. The Placement Agent is not required to arrange the purchase or sale
of any specific number or dollar amount of our securities, but has agreed to use its best efforts to arrange for the sale of our securities.
We have entered into the Securities Purchase Agreement, dated July 25, 2025, directly with the investors in this offering pursuant to
which we plan to sell to such investors an aggregate of (i) 12,396,000Class A Ordinary Shares and (ii) Pre-Funded Warrants exercisable
for up to 18,216,246 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 1,836,735 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 $0.1225, being
125% of the