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[6-K] Erayak Power Solution Group Inc. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

flyExclusive, Inc. (NYSE American: FLYX) filed an 8-K (Item 8.01) announcing it has waived the lock-up that restricted EG Sponsor LLC from selling 5.625 MM Class A shares and 4.333 MM warrants until 27 Dec 2026. The waiver, executed 25 Jul 2025 and effective immediately, is intended to clear a March 2025 Russell 2000 rule that bars index inclusion while such restrictions are in place. Management believes Russell inclusion would raise trading volume, liquidity and enhance access to its at-the-market program.

The Audit & Risk Committee and the full Board (with interested directors Gregg Hymowitz and Gary Fegel recused) approved the waiver in line with company policy. All other terms of the 2021 Letter Agreement between the Company and EG Sponsor LLC remain unchanged.

No financial metrics were disclosed; the filing is limited to governance actions surrounding the share release and potential index listing.

flyExclusive, Inc. (NYSE American: FLYX) ha depositato un modulo 8-K (Voce 8.01) annunciando di aver rinunciato al lock-up che impediva a EG Sponsor LLC di vendere 5,625 milioni di azioni di Classe A e 4,333 milioni di warrant fino al 27 dicembre 2026. La deroga, eseguita il 25 luglio 2025 ed efficace immediatamente, mira a eliminare una regola di marzo 2025 del Russell 2000 che vieta l'inclusione nell'indice finché tali restrizioni sono in vigore. La direzione ritiene che l'inclusione nel Russell aumenterebbe il volume di scambi, la liquidità e migliorerebbe l'accesso al programma di vendita sul mercato.

Il Comitato per la Revisione e i Rischi e l'intero Consiglio di Amministrazione (con i direttori interessati Gregg Hymowitz e Gary Fegel astenuti) hanno approvato la deroga in conformità con la politica aziendale. Tutti gli altri termini della Lettera di Accordo del 2021 tra la Società e EG Sponsor LLC rimangono invariati.

Non sono stati divulgati dati finanziari; il deposito si limita ad azioni di governance relative al rilascio delle azioni e alla possibile quotazione nell'indice.

flyExclusive, Inc. (NYSE American: FLYX) presentó un formulario 8-K (Punto 8.01) anunciando que ha renunciado al período de bloqueo que restringía a EG Sponsor LLC de vender 5.625 millones de acciones Clase A y 4.333 millones de warrants hasta el 27 de diciembre de 2026. La exención, ejecutada el 25 de julio de 2025 y efectiva de inmediato, tiene como objetivo eliminar una regla del Russell 2000 de marzo de 2025 que prohíbe la inclusión en el índice mientras dichas restricciones estén vigentes. La dirección cree que la inclusión en Russell aumentaría el volumen de negociación, la liquidez y mejoraría el acceso a su programa de ventas en el mercado.

El Comité de Auditoría y Riesgos y la Junta Directiva completa (con los directores interesados Gregg Hymowitz y Gary Fegel recusados) aprobaron la exención conforme a la política de la empresa. Todos los demás términos del Acuerdo de Carta de 2021 entre la Compañía y EG Sponsor LLC permanecen sin cambios.

No se divulgaron métricas financieras; la presentación se limita a acciones de gobernanza relacionadas con la liberación de acciones y la posible inclusión en el índice.

flyExclusive, Inc. (NYSE American: FLYX)ëŠ� 8-K 서류(항목 8.01)ë¥� 제출하며 EG Sponsor LLCê°€ 562.5ë§� í´ëž˜ìŠ� A 주ì‹ê³� 433.3ë§� 워런íŠ�ë¥� 2026ë…� 12ì›� 27ì¼ê¹Œì§€ 매ê°í•˜ì§€ 못하ë„ë¡ ì œí•œí–ˆë˜ ë½ì—…ì� 면제했다ê³� 발표했습니다. ì� ë©´ì œëŠ� 2025ë…� 7ì›� 25ì¼ì— 실행ë˜ì–´ 즉시 효력ì� ë°œìƒí•˜ë©°, ë½ì—… 제한ì� 있는 ë™ì•ˆ ì§€ìˆ� 편입ì� 금지하는 2025ë…� 3ì›� 러셀 2000 규정ì� 해소하기 위한 것입니다. ê²½ì˜ì§„ì€ ëŸ¬ì…€ ì§€ìˆ� 편입ì� 거래량과 유ë™ì„±ì„ ì¦ê°€ì‹œí‚¤ê³� 시장 íŒë§¤ 프로그램 ì ‘ê·¼ì„±ì„ í–¥ìƒì‹œí‚¬ 것으ë¡� ë³´ê³  있습니다.

ê°ì‚¬ ë°� 위험 위ì›íšŒì™€ ì „ì²´ ì´ì‚¬íš�(ì´í•´ê´€ê³„ê°€ 있는 Gregg Hymowitz와 Gary Fegel ì´ì‚¬ëŠ� 회피)ëŠ� 회사 ì •ì±…ì—� ë”°ë¼ ì� ë©´ì œë¥� 승ì¸í–ˆìŠµë‹ˆë‹¤. 2021ë…� 회사와 EG Sponsor LLC ê°„ì˜ ì„œí•œ 계약ì� 다른 모든 ì¡°ê±´ì€ ë³€ê²½ë˜ì§€ 않았습니ë‹�.

재무 지표는 공개ë˜ì§€ 않았으며, 제출 서류ëŠ� ì£¼ì‹ í•´ì œì™€ 잠재ì � ì§€ìˆ� 편입ê³� ê´€ë ¨ëœ ê±°ë²„ë„ŒìŠ¤ 조치ì—� 한정ë©ë‹ˆë‹�.

flyExclusive, Inc. (NYSE American : FLYX) a déposé un formulaire 8-K (Article 8.01) annonçant qu'elle a ±ô±ð±¹Ã© la période de blocage qui empêchait EG Sponsor LLC de vendre 5,625 millions d'actions de Classe A et 4,333 millions de bons de souscription jusqu'au 27 décembre 2026. Cette dérogation, exécutée le 25 juillet 2025 et effective immédiatement, vise à lever une règle du Russell 2000 de mars 2025 qui interdit l'inclusion dans l'indice tant que ces restrictions sont en vigueur. La direction estime que l'inclusion dans le Russell augmenterait le volume des échanges, la liquidité et améliorerait l'accès à son programme de vente sur le marché.

Le Comité d'Audit et des Risques ainsi que l'ensemble du Conseil d'Administration (avec les administrateurs concernés Gregg Hymowitz et Gary Fegel récusés) ont approuvé la dérogation conformément à la politique de l'entreprise. Tous les autres termes de la lettre d'accord de 2021 entre la Société et EG Sponsor LLC restent inchangés.

Aucun indicateur financier n'a été divulgué ; le dépôt se limite aux actions de gouvernance entourant la libération des actions et la possible inclusion dans l'indice.

flyExclusive, Inc. (NYSE American: FLYX) reichte ein 8-K Formular (Punkt 8.01) ein und gab bekannt, dass es die Lock-up-Beschränkung aufgehoben hat, die EG Sponsor LLC daran hinderte, 5,625 Millionen Class A Aktien und 4,333 Millionen Warrants bis zum 27. Dezember 2026 zu verkaufen. Der am 25. Juli 2025 ausgeführte und sofort wirksame Verzicht soll eine Regel des Russell 2000 aus März 2025 beseitigen, die eine Indexaufnahme während solcher Beschränkungen verbietet. Das Management ist der Ansicht, dass eine Aufnahme in den Russell das Handelsvolumen und die Liquidität erhöhen sowie den Zugang zu seinem At-the-Market-Programm verbessern würde.

Der Audit- und Risikoausschuss sowie der gesamte Vorstand (mit den interessierten Direktoren Gregg Hymowitz und Gary Fegel, die sich zurückgezogen haben) genehmigten den Verzicht gemäß der Unternehmenspolitik. Alle anderen Bedingungen der 2021 Letter Agreement zwischen dem Unternehmen und EG Sponsor LLC bleiben unverändert.

Es wurden keine finanziellen Kennzahlen offengelegt; die Einreichung beschränkt sich auf Governance-Maßnahmen im Zusammenhang mit der Freigabe der Aktien und der möglichen Indexaufnahme.

Positive
  • Facilitates potential Russell 2000 inclusion, which may add index-tracker demand and improve liquidity.
  • Independent Audit & Risk Committee and disinterested Board approval mitigate conflict-of-interest concerns.
Negative
  • Immediate release of 5.625 MM shares and 4.333 MM warrants could increase supply and pressure share price.
  • Altering previously agreed lock-up may erode investor trust and signal willingness to renegotiate protections.

Insights

TL;DR Waiver boosts free float for Russell 2000 bid; liquidity up, supply risk rises—net moderately positive.

The immediate float increase removes the only hurdle to Russell 2000 eligibility, a catalyst that historically drives incremental index-tracker demand and tighter spreads. Greater liquidity can lower capital costs, aiding the existing ATM facility. Although 5.6 MM shares (~x % of outstanding*) and 4.3 MM warrants may pressure the stock if EG Sponsor sells, sponsor’s ongoing financing activity suggests orderly disposition. Governance boxes were ticked via independent committee approval, limiting conflicts. Overall, I view the action as impactful, slightly accretive to valuation multiples through enhanced marketability.

TL;DR Early lock-up release raises dilution concerns; governance process sound but investor perception risk remains.

Lock-ups are negotiated safeguards; shortening them two years early can unsettle minority holders. Even with Audit Committee approval, waiving 10 %+ of share supply may be viewed as favoring the sponsor. The company’s rationale—index inclusion—is strategic, yet not guaranteed. Should EG Sponsor monetize quickly, downward price pressure could outweigh liquidity gains. From a governance risk perspective the transaction is compliant but shareholder-alignment optics weaken.

flyExclusive, Inc. (NYSE American: FLYX) ha depositato un modulo 8-K (Voce 8.01) annunciando di aver rinunciato al lock-up che impediva a EG Sponsor LLC di vendere 5,625 milioni di azioni di Classe A e 4,333 milioni di warrant fino al 27 dicembre 2026. La deroga, eseguita il 25 luglio 2025 ed efficace immediatamente, mira a eliminare una regola di marzo 2025 del Russell 2000 che vieta l'inclusione nell'indice finché tali restrizioni sono in vigore. La direzione ritiene che l'inclusione nel Russell aumenterebbe il volume di scambi, la liquidità e migliorerebbe l'accesso al programma di vendita sul mercato.

Il Comitato per la Revisione e i Rischi e l'intero Consiglio di Amministrazione (con i direttori interessati Gregg Hymowitz e Gary Fegel astenuti) hanno approvato la deroga in conformità con la politica aziendale. Tutti gli altri termini della Lettera di Accordo del 2021 tra la Società e EG Sponsor LLC rimangono invariati.

Non sono stati divulgati dati finanziari; il deposito si limita ad azioni di governance relative al rilascio delle azioni e alla possibile quotazione nell'indice.

flyExclusive, Inc. (NYSE American: FLYX) presentó un formulario 8-K (Punto 8.01) anunciando que ha renunciado al período de bloqueo que restringía a EG Sponsor LLC de vender 5.625 millones de acciones Clase A y 4.333 millones de warrants hasta el 27 de diciembre de 2026. La exención, ejecutada el 25 de julio de 2025 y efectiva de inmediato, tiene como objetivo eliminar una regla del Russell 2000 de marzo de 2025 que prohíbe la inclusión en el índice mientras dichas restricciones estén vigentes. La dirección cree que la inclusión en Russell aumentaría el volumen de negociación, la liquidez y mejoraría el acceso a su programa de ventas en el mercado.

El Comité de Auditoría y Riesgos y la Junta Directiva completa (con los directores interesados Gregg Hymowitz y Gary Fegel recusados) aprobaron la exención conforme a la política de la empresa. Todos los demás términos del Acuerdo de Carta de 2021 entre la Compañía y EG Sponsor LLC permanecen sin cambios.

No se divulgaron métricas financieras; la presentación se limita a acciones de gobernanza relacionadas con la liberación de acciones y la posible inclusión en el índice.

flyExclusive, Inc. (NYSE American: FLYX)ëŠ� 8-K 서류(항목 8.01)ë¥� 제출하며 EG Sponsor LLCê°€ 562.5ë§� í´ëž˜ìŠ� A 주ì‹ê³� 433.3ë§� 워런íŠ�ë¥� 2026ë…� 12ì›� 27ì¼ê¹Œì§€ 매ê°í•˜ì§€ 못하ë„ë¡ ì œí•œí–ˆë˜ ë½ì—…ì� 면제했다ê³� 발표했습니다. ì� ë©´ì œëŠ� 2025ë…� 7ì›� 25ì¼ì— 실행ë˜ì–´ 즉시 효력ì� ë°œìƒí•˜ë©°, ë½ì—… 제한ì� 있는 ë™ì•ˆ ì§€ìˆ� 편입ì� 금지하는 2025ë…� 3ì›� 러셀 2000 규정ì� 해소하기 위한 것입니다. ê²½ì˜ì§„ì€ ëŸ¬ì…€ ì§€ìˆ� 편입ì� 거래량과 유ë™ì„±ì„ ì¦ê°€ì‹œí‚¤ê³� 시장 íŒë§¤ 프로그램 ì ‘ê·¼ì„±ì„ í–¥ìƒì‹œí‚¬ 것으ë¡� ë³´ê³  있습니다.

ê°ì‚¬ ë°� 위험 위ì›íšŒì™€ ì „ì²´ ì´ì‚¬íš�(ì´í•´ê´€ê³„ê°€ 있는 Gregg Hymowitz와 Gary Fegel ì´ì‚¬ëŠ� 회피)ëŠ� 회사 ì •ì±…ì—� ë”°ë¼ ì� ë©´ì œë¥� 승ì¸í–ˆìŠµë‹ˆë‹¤. 2021ë…� 회사와 EG Sponsor LLC ê°„ì˜ ì„œí•œ 계약ì� 다른 모든 ì¡°ê±´ì€ ë³€ê²½ë˜ì§€ 않았습니ë‹�.

재무 지표는 공개ë˜ì§€ 않았으며, 제출 서류ëŠ� ì£¼ì‹ í•´ì œì™€ 잠재ì � ì§€ìˆ� 편입ê³� ê´€ë ¨ëœ ê±°ë²„ë„ŒìŠ¤ 조치ì—� 한정ë©ë‹ˆë‹�.

flyExclusive, Inc. (NYSE American : FLYX) a déposé un formulaire 8-K (Article 8.01) annonçant qu'elle a ±ô±ð±¹Ã© la période de blocage qui empêchait EG Sponsor LLC de vendre 5,625 millions d'actions de Classe A et 4,333 millions de bons de souscription jusqu'au 27 décembre 2026. Cette dérogation, exécutée le 25 juillet 2025 et effective immédiatement, vise à lever une règle du Russell 2000 de mars 2025 qui interdit l'inclusion dans l'indice tant que ces restrictions sont en vigueur. La direction estime que l'inclusion dans le Russell augmenterait le volume des échanges, la liquidité et améliorerait l'accès à son programme de vente sur le marché.

Le Comité d'Audit et des Risques ainsi que l'ensemble du Conseil d'Administration (avec les administrateurs concernés Gregg Hymowitz et Gary Fegel récusés) ont approuvé la dérogation conformément à la politique de l'entreprise. Tous les autres termes de la lettre d'accord de 2021 entre la Société et EG Sponsor LLC restent inchangés.

Aucun indicateur financier n'a été divulgué ; le dépôt se limite aux actions de gouvernance entourant la libération des actions et la possible inclusion dans l'indice.

flyExclusive, Inc. (NYSE American: FLYX) reichte ein 8-K Formular (Punkt 8.01) ein und gab bekannt, dass es die Lock-up-Beschränkung aufgehoben hat, die EG Sponsor LLC daran hinderte, 5,625 Millionen Class A Aktien und 4,333 Millionen Warrants bis zum 27. Dezember 2026 zu verkaufen. Der am 25. Juli 2025 ausgeführte und sofort wirksame Verzicht soll eine Regel des Russell 2000 aus März 2025 beseitigen, die eine Indexaufnahme während solcher Beschränkungen verbietet. Das Management ist der Ansicht, dass eine Aufnahme in den Russell das Handelsvolumen und die Liquidität erhöhen sowie den Zugang zu seinem At-the-Market-Programm verbessern würde.

Der Audit- und Risikoausschuss sowie der gesamte Vorstand (mit den interessierten Direktoren Gregg Hymowitz und Gary Fegel, die sich zurückgezogen haben) genehmigten den Verzicht gemäß der Unternehmenspolitik. Alle anderen Bedingungen der 2021 Letter Agreement zwischen dem Unternehmen und EG Sponsor LLC bleiben unverändert.

Es wurden keine finanziellen Kennzahlen offengelegt; die Einreichung beschränkt sich auf Governance-Maßnahmen im Zusammenhang mit der Freigabe der Aktien und der möglichen Indexaufnahme.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2024

 

Commission File Number: 001-41568

 

Erayak Power Solution Group Inc.

 

No. 528, 4th Avenue

Binhai Industrial Park

Wenzhou, Zhejiang Province

People’s Republic of China 325025

+86-577-86829999

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F  Form 40-F 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT 

 

On July 25, 2025, ERAYAK Power Solution Group Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named thereto (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering (the “Registered Direct Offering”): (i) 12,396,000 class A ordinary shares (the “Class A Ordinary Shares”) of the Company of par value of $0.0001 each (the “Shares”), at a purchase price of $0.098 per share; and (ii) pre-funded warrants to purchase up to 18,216,246 Class A Ordinary Shares (the “Pre-Funded Warrants”) at a purchase price of $$0.098 to the purchase price for Shares, less the exercise price of $0.0001 per share.

 

The Registered Direct Offering closed on July 28, 2025. The Company received approximately $3 million in gross proceeds from the Registered Direct Offering, before deducting placement agent fees and estimated offering expenses. The Company intends to use the net proceeds from the Registered Direct Offering for its automated warehousing system, product development and certification, sales and marketing and working capital and inventory replenishment.

 

The Pre-Funded Warrants were sold to the Purchasers, whose purchase of the Shares in the Registered Direct Offering would otherwise have resulted in the Purchasers, together with its affiliates and certain related parties, beneficially owning more than 4.99% of the outstanding share capital of the Company following the consummation of the Registered Direct Offering. Each Pre-Funded Warrant represents the right to purchase one Class A Ordinary Share at an exercise price of $0.0001 per share. The Pre-Funded Warrants are exercisable immediately and may be exercised at any time until the Pre-Funded Warrants are exercised in full (subject to the beneficial ownership limitation described above).

 

The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions. Additionally, each of the directors and executive officers of the Company entered into a lock-up agreement, pursuant to which they agreed not to sell or transfer any of the Company securities which they hold, subject to certain customary exceptions, during the six (6) month period following the closing of the Registered Direct Offering.

 

The Shares, the Pre-Funded Warrants and Placement Agent Warrants, the Class A Ordinary Shares underlying the Pre-funded Warrants and the Placement Agent Warrants were offered by the Company pursuant to a registration statement on Form F-3 (File No.333-278347) (the “Registration Statement”), previously filed and declared effective by the Securities and Exchange Commission (the “Commission”) on May 16, 2024, the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated July 28, 2025 (the “Prospectus Supplement”).

 

1

 

 

On July 22, 2025, the Company entered into a letter of engagement (the “LOE”) with Craft Capital Management LLC (“Craft” or the “Placement Agent”), pursuant to which the Company engaged Craft as the exclusive placement agent in connection with the Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the Shares and the Pre-Funded Warrants. In addition, under the Placement Agency Agreement the Company agreed to pay the Placement Agent a placement agent fee in cash equal to seven percent (6.0%) of the aggregate gross proceeds raised from the sale. The Company also agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection with the Registered Direct Offering in an amount not to exceed $125,000. In connection with the Offering, the Company also issued, as additional compensation, warrants (the “Placement Agent Warrants”) to Craft Capital Management LLC (the “Placement Agent”) or its designees to purchase an aggregate of up to 1,836,735 Class A Ordinary Shares, being 6% of the aggregate number of the Shares and Pre-funded Warrant Shares (such shares that are issuable from time to time upon exercise of the Placement Agent Warrants (the “Placement Agent Warrant Shares”)). The Placement Agent Warrants are exercisable immediately after issuance and from time to time, in whole or in part, at an exercise price equal to $0.1225, being 125% of the purchase price of each Share, and will expire five (5) years following the closing of the offering.

 

The foregoing summaries of the Purchase Agreement, the Placement Agent Warrants, and the Pre-Funded Warrants do not purport to be complete and are subject to, and qualified in their entirety by, such documents filed as Exhibits 10.1 4.1 and 4.2, respectively, hereto and incorporated by reference herein. Copies of the press release related to the Registered Direct Offering entitled “Erayak Power Solution Group Inc. Announces $3 Million Registered Direct Offering” and “Erayak Power Solution Group Inc. Announces Closing of $3 Million Registered Direct Offering” are furnished as Exhibit 99.1 and 99.2 hereto and are incorporated by reference herein.

 

Copies of the opinions of Harney Westwood & Riegels and Ortoli Rosenstadt LLP relating to the legality of the issuance and sale of the Shares and the Pre-Funded Warrants, respectively, are filed as Exhibits 5.1 and 5.2 hereto, respectively.

 

This Report is incorporated by reference into the registration statements on Form F-3 (File No. 333-278347) of the Company, filed with the Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Forward-Looking Statements:

 

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements when it discusses the closing of the Registered Direct Offering. All statements other than statements of historical facts included in this Report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2024, filed with the Commission on April 23, 2025, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

  

2

 

 

Exhibit Index

 

Exhibit No.   Description
4.1   Form of Placement Agent Warrant
4.2   Form of Pre-Funded Warrant
5.1   Opinion of Harney Westwood & Riegels
5.2   Opinion of Ortoli Rosenstadt LLP
10.1   Form of Securities Purchase Agreement, dated July 25, 2025, by and among the Company and the purchasers thereto
23.1   Consent of Harney Westwood & Riegels (included in Exhibit 5.1)
23.2   Consent of Ortoli Rosenstadt LLP (included in Exhibit 5.2)
99.1   Press Release on Pricing of the Company’s Registered Direct Offering
99.2   Press Release on Closing of the Company’s Registered Direct Offering

 

3

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ERAYAK Power Solution Group Inc.
   
  By: /s/ Lingyi Kong
  Name:  Lingyi Kong
  Title: Chief Executive Officer

 

Date: July 28, 2025

 

4

FAQ

Why did flyExclusive (FLYX) waive the EG Sponsor lock-up early?

To qualify for Russell 2000 Index inclusion, which a March 2025 rule blocks while lock-ups are in place.

How many shares and warrants are now unrestricted?

5,625,000 Class A shares and 4,333,333 warrants became freely tradable on 25 Jul 2025.

Was the waiver approved by independent directors?

Yes. The Audit & Risk Committee and the full Board, excluding interested directors Hymowitz and Fegel, approved the action.

Does this filing include any earnings or revenue data?

No. The 8-K solely covers the waiver of the lock-up and related governance details.

Could the additional float dilute existing shareholders?

The newly tradable shares increase supply and may pressure the stock if the sponsor sells aggressively.
Erayak Power Sol

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Electrical Equipment & Parts
Industrials
China
Wenzhou