Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 58

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 58
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 may issue and sell our Class A Ordinary Shares having aggregate sales proceeds of up to $10,000,000 from time to time. There can be no assurance that we will be able to sell any shares under or fully utilize the Sales Agreement.

We intend to use the net proceeds from this offering for expanding
our North American product portfolio, investing in localized manufacturing and supply resilience, enhancing regulatory and safety compliance,
building out U.S. service and go-to-market infrastructure, and supporting working capital and seasonal inventory positioning.

The Company is not subject to any contractual
obligations that would require it to use the proceeds in a manner inconsistent with the registration statement.

The amounts and timing of our use of proceeds
will vary depending on a number of factors, including the amount of cash generated or used by our operations, and the rate of growth,
if any, of our business. As a result, we will retain broad discretion in the allocation of the net proceeds of this offering.

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DESCRIPTION OF SHARE CAPITAL</div>

We are a Cayman Islands exempted company and
our corporate affairs are governed by our memorandum and articles of association, as amended and restated from time to time, and the
Companies Act (Revised) of the Cayman Islands, which we refer to as the Companies Act below, and the common law of Cayman
Islands.

As of the date of this prospectus, the authorized
share capital of the Company is US$50,000 divided into 500,000,000 ordinary shares, of which 450,000,000 shares are Class A Ordinary Shares
and 50,000,000 shares are Class B ordinary shares of par value of US$0.0001 each (“Class B Ordinary Shares”). As of the date
of this prospectus, there are currently 187,892,786 Class A Ordinary Shares and 9,000,000 Class B Ordinary Shares issued and outstanding.

Our Memorandum and Articles of Association

A copy of our third amended and restated
memorandum and articles of association is filed as an exhibit to the registration statement of which this prospectus is a part (and
which is referred to in this section as, respectively, the “memorandum” and the “articles”).

We were incorporated as an exempted company with
limited liability under the Companies Act on June 14, 2019. A Cayman Islands exempted company:

| ● | is a company that conducts its business mainly outside