Company: RAYA
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001213900-25-070628
Chunk: 1

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 6-K
Chunk 1
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and certain related parties, beneficially owning more than 4.99% of the outstanding share capital of the Company following the consummation
of the Registered Direct Offering. Each Pre-Funded Warrant represents the right to purchase one Class A Ordinary Share at an exercise
price of $0.0001 per share. The Pre-Funded Warrants are exercisable immediately and may be exercised at any time until the Pre-Funded
Warrants are exercised in full (subject to the beneficial ownership limitation described above).

The Purchase Agreement contains customary representations,
warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations
of the parties, and termination provisions. Additionally, each of the directors and executive officers of the Company entered into a lock-up
agreement, pursuant to which they agreed not to sell or transfer any of the Company securities which they hold, subject to certain customary
exceptions, during the six (6) month period following the closing of the Registered Direct Offering.

The Shares, the Pre-Funded Warrants and Placement
Agent Warrants, the Class A Ordinary Shares underlying the Pre-funded Warrants and the Placement Agent Warrants were offered by the Company
pursuant to a registration statement on Form F-3 (File No.333-278347) (the “Registration Statement”), previously filed and declared effective by the Securities and
Exchange Commission (the “Commission”) on May 16, 2024, the base prospectus filed as part of the Registration Statement, and
the prospectus supplement dated August 1, 2025 (the “Prospectus Supplement”).

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On July 31, 2025, the Company entered into a letter
of engagement (the “LOE”) with Craft Capital Management LLC (“Craft”
or the “Placement Agent”), pursuant to which the Company engaged Craft as the
exclusive placement agent in connection with the Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts
to arrange for the sale of the Shares and the Pre-Funded Warrants. In addition, under the Placement Agency Agreement the Company agreed
to pay the Placement Agent a placement agent fee in cash equal to seven percent (6.0%) of the aggregate gross proceeds raised from the
sale. The Company also agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection
with the Registered Direct Offering in an amount not to exceed $125,000. In connection