Erayak Power Solution Group. Announces $3 Million Registered Direct Offering

Group 1 - Erayak Power Solution Group Inc. has entered into a securities purchase agreement for the sale of 30,612,246 Class A ordinary shares at a price of $0.098 per share, resulting in expected gross proceeds of approximately $3 million [1][2] - The transaction is anticipated to close on or about July 28, 2025, pending customary closing conditions [2] - The offering is conducted under a shelf registration statement previously filed and declared effective by the U.S. Securities and Exchange Commission on May 16, 2024 [3] Group 2 - The offering will be made only through a prospectus supplement and accompanying prospectus, which will be filed with the SEC prior to closing [4] - Copies of the prospectus supplement and accompanying prospectus can be obtained from Craft Capital Management [5] Group 3 - Erayak specializes in manufacturing, research and development, and wholesale and retail of power solution products, including sine wave and off-grid inverters, generators, and smart chargers [6] - The company's products are primarily used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products [6]