Erayak Power Solution Group Inc Closing of $3 Million Registered Direct Offering
Erayak Power Solution Group (NASDAQ: RAYA), a power supply industry manufacturer, has successfully closed its previously announced registered direct offering. The company sold 30,612,246 Class A ordinary shares (or equivalents) at $0.098 per share, raising approximately $3 million in gross proceeds before deducting fees and expenses.
The offering included pre-funded warrants priced at $0.098 less an exercise price of $0.0001 per share. Craft Capital Management LLC served as the sole placement agent, with legal representation from respective law firms. The offering was conducted under an effective shelf registration statement on Form F-3.
Erayak Power Solution Group (NASDAQ: RAYA), un produttore nel settore delle forniture di energia, ha completato con successo la sua offerta diretta registrata precedentemente annunciata. La società ha venduto 30.612.246 azioni ordinarie di Classe A (o equivalenti) a 0,098 $ per azione, raccogliendo circa 3 milioni di dollari di proventi lordi prima di dedurre commissioni e spese.
L'offerta includeva warrant prefinanziati valutati a 0,098 $ con un prezzo di esercizio di 0,0001 $ per azione. Craft Capital Management LLC ha agito come unico agente di collocamento, con rappresentanza legale da parte degli studi legali rispettivi. L'offerta è stata condotta ai sensi di una dichiarazione di registrazione a scaffale efficace sul modulo F-3.
Erayak Power Solution Group (NASDAQ: RAYA), un fabricante en la industria de suministros de energía, ha cerrado con éxito su oferta directa registrada previamente anunciada. La compañía vendió 30,612,246 acciones ordinarias Clase A (o equivalentes) a $0.098 por acción, recaudando aproximadamente $3 millones en ingresos brutos antes de deducir honorarios y gastos.
La oferta incluyó warrants prefinanciados valorados en $0.098 con un precio de ejercicio de $0.0001 por acción. Craft Capital Management LLC actuó como agente único de colocación, con representación legal de los respectivos bufetes de abogados. La oferta se realizó bajo una declaración de registro en estantería efectiva en el formulario F-3.
Erayak Power Solution Group (NASDAQ: RAYA)는 전력 공급 산업 제조업체로서, 이전에 발표한 등록 직접 공모를 성공적으로 마감했습니다. 회사는 30,612,246주의 클래스 A 보통주(또는 이에 상응하는 주식)를 주당 $0.098에 판매하여 수수료 및 비용 공제 전 약 300만 달러의 총 수익을 모았습니다.
이번 공모에는 주당 행사가격 $0.0001에 $0.098에 가격이 책정된 선지급 워런트가 포함되었습니다. Craft Capital Management LLC가 단독 배치 에이전트로 활동했으며, 각 법률회사에서 법률 자문을 제공했습니다. 이번 공모는 Form F-3의 효력 있는 선반 등록 명세서에 따라 진행되었습니다.
Erayak Power Solution Group (NASDAQ : RAYA), un fabricant dans le secteur de l'alimentation électrique, a clôturé avec succès son offre directe enregistrée précédemment annoncée. La société a vendu 30 612 246 actions ordinaires de classe A (ou équivalents) à 0,098 $ par action, levant environ 3 millions de dollars de produits bruts avant déduction des frais et dépenses.
L'offre comprenait des bons de souscription préfinancés évalués à 0,098 $ avec un prix d'exercice de 0,0001 $ par action. Craft Capital Management LLC a agi en tant qu'agent de placement unique, avec une représentation juridique assurée par les cabinets d'avocats respectifs. L'offre a été réalisée dans le cadre d'une déclaration d'enregistrement sur étagère en vigueur, selon le formulaire F-3.
Erayak Power Solution Group (NASDAQ: RAYA), ein Hersteller in der Stromversorgungsbranche, hat sein zuvor angekündigtes registriertes Direktangebot erfolgreich abgeschlossen. Das Unternehmen verkaufte 30.612.246 Class-A-Stammaktien (oder Äquivalente) zu 0,098 $ pro Aktie und erzielte vor Abzug von Gebühren und Ausgaben einen Bruttoerlös von etwa 3 Millionen US-Dollar.
Das Angebot beinhaltete vorfinanzierte Optionsscheine, die zu 0,098 $ bewertet sind, mit einem Ausübungspreis von 0,0001 $ pro Aktie. Craft Capital Management LLC fungierte als alleiniger Platzierungsagent, mit rechtlicher Vertretung durch die jeweiligen Anwaltskanzleien. Das Angebot wurde unter einer wirksamen Shelf-Registration-Erklärung auf Formular F-3 durchgeführt.
- Secured $3 million in additional funding through share offering
- Successfully completed registered direct offering with institutional investors
- Significant dilution due to issuance of 30.6 million new shares
- Low share offering price of $0.098 indicates weak market conditions
Insights
Erayak raised $3M through share offering at significant discount, diluting existing shareholders by issuing 30.6M new shares.
Erayak Power Solution Group has completed a $3 million registered direct offering through the sale of 30,612,246 Class A ordinary shares (or equivalents) to institutional investors at $0.098 per share. This transaction represents a significant capital raise for the company, though likely at a substantial discount to recent trading prices given the high number of shares issued relative to the total amount raised.
The offering's structure includes both ordinary shares and pre-funded warrants with a nominal exercise price of
This financing appears to create substantial dilution for existing shareholders, as the company is issuing over 30.6 million new shares. For context, this level of dilution often indicates a company facing capital constraints or pursuing growth opportunities requiring immediate funding. The involvement of institutional investors suggests some confidence in Erayak's prospects, though the relatively low per-share price may indicate challenging market conditions for the company.
The offering was conducted via a shelf registration statement previously filed and declared effective, allowing Erayak to issue securities quickly when market conditions were deemed appropriate. Craft Capital Management served as the sole placement agent, suggesting this was a targeted offering to select institutional investors rather than a broader market offering.
Wenzhou, China, July 28, 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 30,612,246 of the Company’s 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 “shelf” registration statement on Form F-3 (File No. 333-278347) filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) 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’s website at http://www.sec.gov or by contacting Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; email: info@craftcm.com.
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’s 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 www.erayakpower.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties described more fully in the Company’s 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 “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” 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. 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’s Republic of China 325025
Email: investor@erayakpower.com
FAQ
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