Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 81

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 81
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|:--------------------------------|:----|:------------|-------:|:----|:---------|-------:|:----|:-----------------------------------------------------------|----------:|
| Public offering price           |     | $           | 0.0650 |     |          | 0.0649 |     | $                                                          | 7,000,000 |
| Placement Agent fees(1)         |     | $           | 0.0039 |     |          | 0.0039 |     | $                                                          |   420,000 |
| Proceeds to us, before expenses |     | $           | 0.0611 |     |          | 0.0611 |     | $                                                          | 6,580,000 |

| (1) | We have agreed to pay the Placement Agent a cash fee equal to 6% of the aggregate gross proceeds raised                                  
 in this offering. In addition, we have agreed to reimburse the Placement Agents for certain offering-related expenses and to issue to    
 the Placement Agent warrants to purchase up to a number of Ordinary Shares equal to 6% of the aggregate number of shares of Shares being 
 offered at an exercise price equal to 125% of the public offering price of the Shares.                                                   |

| (2) | Because there is no minimum number of securities 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 $6,350,000.

Placement Agent Warrants

We have agreed to grant the Placement Agent, or its designees, at the
closing of the offering, warrants to purchase 6,461,538 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 $0.08125 (being 125% of the
public offering price per Ordinary Share) and will expire five (5) years following the closing