Erayak Power Solution Group Inc. Announces Closing of $7 Million Registered Direct Offering
Erayak Power Solution Group (NASDAQ: RAYA), a power supply industry manufacturer, has successfully closed its previously announced registered direct offering, raising approximately $7 million in gross proceeds. The offering involved the sale of 107,692,307 Class A ordinary shares at $0.065 per share.
The transaction included pre-funded warrants with a purchase price of $0.065 less the $0.0001 exercise price per share. Craft Capital Management LLC served as the sole placement agent, with legal representation from Ortoli Rosenstadt LLP for Erayak and Sichenzia Ross Ference Carmel LLP for Craft Capital.
Erayak Power Solution Group (NASDAQ: RAYA), produttore nel settore delle forniture di energia, ha concluso con successo la sua offerta diretta registrata precedentemente annunciata, raccogliendo circa 7 milioni di dollari di proventi lordi. L'offerta ha riguardato la vendita di 107.692.307 azioni ordinarie di Classe A a 0,065 dollari per azione.
La transazione ha incluso warrant pre-finanziati con un prezzo di acquisto di 0,065 dollari meno il prezzo di esercizio di 0,0001 dollari per azione. Craft Capital Management LLC ha agito come unico agente di collocamento, con la rappresentanza legale di Ortoli Rosenstadt LLP per Erayak e Sichenzia Ross Ference Carmel LLP per Craft Capital.
Erayak Power Solution Group (NASDAQ: RAYA), fabricante en la industria de suministro de energ铆a, ha cerrado con 茅xito su oferta directa registrada previamente anunciada, recaudando aproximadamente 7 millones de d贸lares en ingresos brutos. La oferta involucr贸 la venta de 107,692,307 acciones ordinarias Clase A a 0.065 d贸lares por acci贸n.
La transacci贸n incluy贸 garant铆as prefinanciadas con un precio de compra de 0.065 d贸lares menos el precio de ejercicio de 0.0001 d贸lares por acci贸n. Craft Capital Management LLC actu贸 como agente de colocaci贸n 煤nico, con representaci贸n legal de Ortoli Rosenstadt LLP para Erayak y Sichenzia Ross Ference Carmel LLP para Craft Capital.
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瓯半灅鞐愲姅 欤茧嫻 0.0001雼煬 頄夓偓臧�瓴╈潉 牒� 0.065雼煬鞚� 甑Г 臧�瓴╈澊 鞝侅毄霅� 靹犾旮� 鞗岆煱韸戈皜 韽暔霅橃棃鞀惦媹雼�. Craft Capital Management LLC臧� 雼弲 氚办爼 雽�頄夓偓搿� 頇滊彊頄堨溂氅�, Erayak 旄§潃 Ortoli Rosenstadt LLP臧�, Craft Capital 旄§潃 Sichenzia Ross Ference Carmel LLP臧� 氩曤 鞛愲鞚� 毵§晿鞀惦媹雼�.
Erayak Power Solution Group (NASDAQ : RAYA), fabricant dans l'industrie de l'alimentation 茅lectrique, a cl么tur茅 avec succ猫s son offre directe enregistr茅e pr茅c茅demment annonc茅e, levant environ 7 millions de dollars de produit brut. L'offre portait sur la vente de 107 692 307 actions ordinaires de classe A 脿 0,065 dollar par action.
La transaction comprenait des bons de souscription pr茅financ茅s avec un prix d'achat de 0,065 dollar moins le prix d'exercice de 0,0001 dollar par action. Craft Capital Management LLC a agi en tant qu'agent de placement unique, avec la repr茅sentation juridique d'Ortoli Rosenstadt LLP pour Erayak et de Sichenzia Ross Ference Carmel LLP pour Craft Capital.
Erayak Power Solution Group (NASDAQ: RAYA), ein Hersteller in der Stromversorgungsbranche, hat seine zuvor angek眉ndigte registrierte Direktplatzierung erfolgreich abgeschlossen und dabei rund 7 Millionen US-Dollar Bruttoerl枚s erzielt. Das Angebot umfasste den Verkauf von 107.692.307 Class A Stammaktien zu 0,065 US-Dollar pro Aktie.
Die Transaktion beinhaltete vorfinanzierte Optionsscheine mit einem Kaufpreis von 0,065 US-Dollar abz眉glich des Aus眉bungspreises von 0,0001 US-Dollar pro Aktie. Craft Capital Management LLC fungierte als alleiniger Platzierungsagent, mit rechtlicher Vertretung durch Ortoli Rosenstadt LLP f眉r Erayak und Sichenzia Ross Ference Carmel LLP f眉r Craft Capital.
- Secured $7 million in gross proceeds to strengthen financial position
- Successfully completed registered direct offering with institutional investors
- Utilized existing shelf registration statement, streamlining the offering process
- Significant dilution potential with 107.7 million new shares
- Low share price of $0.065 indicates challenging market conditions
- Additional expenses for placement agent fees and offering costs will reduce net proceeds
Insights
Erayak raised $7M through share offering at $0.065 per share, significantly diluting existing shareholders while bolstering cash position.
Erayak has completed a $7 million registered direct offering by issuing 107,692,307 Class A ordinary shares at $0.065 per share. This offering represents a substantial capital raise for the power supply products manufacturer, though at a price point that suggests challenging market conditions. The pricing indicates a significant discount compared to typical market valuations for established Nasdaq companies.
The sheer volume of shares issued is particularly notable. With over 107 million new shares entering the market, existing shareholders will experience considerable dilution of their ownership stakes. This dilution is the trade-off for strengthening the company's balance sheet with the $7 million in gross proceeds (before deducting placement agent fees and offering expenses).
The use of pre-funded warrants alongside direct shares suggests the company structured the deal to accommodate certain institutional investors' preferences while ensuring immediate access to capital. Craft Capital Management's involvement as the sole placement agent indicates this was a targeted offering to specific institutional investors rather than a broader market offering.
This capital infusion will likely provide Erayak with operational runway to pursue its manufacturing and export activities in the power supply industry, though investors should note that the low per-share price reflects current market sentiment toward the company's prospects.
Wenzhou, China, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (NASDAQ: RAYA) ("Erayak" or the "Company"), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, today announced the closing of its previously announced registered direct offering with certain institutional investors for the sale and purchase of an aggregate of 107,692,307 of the Company鈥檚 聽Class A ordinary shares, par value
The gross proceeds to the Company from the registered direct offering are estimated to be approximately
Craft Capital Management LLC acted as the sole placement agent for the offering. Ortoli Rosenstadt LLP acted as counsel to the Company and Sichenzia Ross Ference Carmel LLP acted as counsel to Craft Capital Management LLC.
The offering of the securities described above were offered by the Company pursuant to a 鈥渟helf鈥� registration statement on Form F-3 (File No. 333-278347) filed by the Company with the U.S. Securities and Exchange Commission (鈥淪EC鈥�) and declared effective by the SEC on May 16, 2024, and the accompanying prospectus contained therein.
The offering was made only by means of a prospectus supplement and accompanying prospectus. The prospectus supplement describing the terms of the public offering was filed with the SEC. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC鈥檚 website at聽聽or by contacting Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; email:聽.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Erayak Power Solution Group Inc.
Erayak specializes in the manufacturing, research and development, and wholesale and retail of power solution products. Erayak鈥檚 product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Our products are used principally in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. Our goal is to be the premier power solutions brand and a solution for mobile life and outdoor living. For more information, visit聽.听听听
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company鈥檚 current expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties described more fully in the Company鈥檚 filings with the SEC. Forward-looking statements are made as of this date, and the Company undertakes no duty to update them, except as required by law.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渃ontemplates,鈥� 鈥渆stimates,鈥� 鈥渂elieves,鈥� 鈥減lans,鈥� 鈥減rojected,鈥� 鈥減redicts,鈥� 鈥減otential,鈥� or 鈥渉opes鈥� or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.聽 We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Investor Relations Contact:
Erayak Power Solution Group Inc.
No. 528, 4th Avenue
Binhai Industrial Park
Wenzhou, Zhejiang Province
People鈥檚 Republic of China 325025
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FAQ
What is the size and price of RAYA's August 2025 registered direct offering?
Who was the placement agent for RAYA's $7 million offering?
What will RAYA use the proceeds from the offering for?
How are the pre-funded warrants structured in RAYA's offering?
When was RAYA's shelf registration statement declared effective?
