Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 55

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 55
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 effect of the sale of 107,692,307
Class A Ordinary Shares at the offering price of US$0.065 per Class A Ordinary Share, assuming all Pre-funded Warrants are exercised,
and after deducting the estimated offering expenses payable by us in connection with this offering, our as adjusted net tangible book
value as December 31, 2024 would have been US$30,065,860, or US$0.16 per Class A Ordinary Share. This represents an immediate decrease
in net tangible book value of US$0.24 per Class A Ordinary Share to our existing shareholders and an immediate increase in net tangible
book value of US$0.09 per Class A Ordinary Share to the investors participating in this offering.

The following table illustrates the net tangible
book value dilution per Class A Ordinary Share to shareholders after the issuance of the Class A Ordinary Share in this offering:

| Public offering price per Class A Ordinary Share                                               |     | US $ | 0.065 |   |
| Net tangible book value per Class A Ordinary Share as of December 31, 2024                     |     | US $ |  0.40 |   |
| Decrease per Class A Ordinary Share attributable to investors under this prospectus supplement |     | US $ |  0.24 |   |
| As adjusted net tangible book value per Class A Ordinary Share after this offering             |     | US $ |  0.16 |   |
| Net tangible book value dilution per Class A Ordinary Share to new investors                   |     | US $ | (0.09 | ) |

The foregoing table and discussion is based on
49,588,235 Class A Ordinary Shares outstanding as of December 31, 2024.

This discussion of dilution, and the table quantifying it, has not taken into the effect of the previous registered direct offering consummated on July 28, 2025, and assumes no exercise of any outstanding options over our ordinary shares .

<div align='center'>S-22

USE OF PROCEEDS</div>

We estimate that the net proceeds from this offering will be approximately
$6,350,000, assuming all Pre-funded Warrants and Placement Agent Warrants are exercised and after deducting the estimated offering expenses
payable by us.

We intend to use the net proceeds from this offering
in the following manner:

| ● | Automated warehousing system (40%) |

| ● | Product development and certification (approximately 20%)