Core Viewpoint - Erayak Power Solution Group Inc. has successfully closed a registered direct offering, raising approximately $7 million through the sale of 107,692,307 Class A ordinary shares at a price of $0.065 per share [1][2]. Group 1: Offering Details - The offering involved the sale of Class A ordinary shares and pre-funded warrants, with a purchase price of $0.065 per share [1]. - The gross proceeds from the offering are estimated to be around $7 million, before deducting fees and expenses [2]. - Craft Capital Management LLC served as the sole placement agent for the offering [2]. Group 2: Regulatory Compliance - The offering was conducted under a "shelf" registration statement on Form F-3, which was filed with the SEC and declared effective on May 16, 2024 [3]. - The terms of the public offering were described in a prospectus supplement filed with the SEC [4]. Group 3: Company Overview - Erayak specializes in manufacturing, research and development, and wholesale and retail of power solution products, including inverters, generators, and smart chargers [6]. - The company's products are primarily used in agricultural and industrial vehicles, recreational vehicles, and outdoor living products [6].

Core Viewpoint - Erayak Power Solution Group Inc. has entered into a securities purchase agreement for the sale of 107,692,307 shares at a price of $0.065 per share, aiming to raise approximately $7 million in gross proceeds [1][2]. Group 1: Offering Details - The offering involves the purchase and sale of Class A ordinary shares or pre-funded warrants, with a purchase price of $0.065 per share [1]. - The transaction is expected to close on or about August 1, 2025, pending customary closing conditions [2]. - Craft Capital Management is acting as the sole placement agent for this offering [2]. Group 2: Regulatory Information - The offering is conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on May 16, 2024 [3]. - A prospectus supplement detailing the terms of the offering will be filed with the SEC prior to closing [4]. Group 3: Company Overview - Erayak specializes in manufacturing, research and development, and wholesale and retail of power solution products, including inverters, generators, and smart chargers [6]. - The company's products are primarily used in agricultural and industrial vehicles, recreational vehicles, and outdoor living products [6].

Core Viewpoint - Erayak Power Solution Group Inc. has successfully closed a registered direct offering, raising approximately $3 million through the sale of 30,612,246 Class A ordinary shares at a price of $0.098 per share [1][2]. Group 1: Offering Details - The offering involved the sale of 30,612,246 Class A ordinary shares at a purchase price of $0.098 per share, with the gross proceeds estimated at around $3 million before fees and expenses [1][2]. - Craft Capital Management LLC served as the sole placement agent for the offering, while Ortoli Rosenstadt LLP and Sichenzia Ross Ference Carmel LLP acted as legal counsel for the company and the placement agent, respectively [2]. Group 2: Regulatory Information - The securities were offered under a "shelf" registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on May 16, 2024 [3]. - The offering was conducted via a prospectus supplement, which has been filed with the SEC and is available for public access [4]. Group 3: Company Overview - 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 utilized in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products, aiming to establish itself as a premier power solutions brand [6].

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]