Erayak Power (NASDAQ: RAYA) enacts 220-for-1 reverse stock split
Rhea-AI Filing Summary
Erayak Power Solution Group Inc. is implementing a 220-for-1 reverse stock split of its ordinary shares, approved by both shareholders and the Board on September 8, 2025 and filed with the Cayman Registrar. As a result, Class A ordinary shares outstanding will be reduced from 187,892,786 to approximately 854,059, and Class B ordinary shares from 9,000,000 to approximately 40,910, with all fractional shares rounded up to the nearest whole share.
After the change, the authorized capital will be US$50,000 divided into 2,272,727.2̅7̅ ordinary shares of par value US$0.022 each, comprising 2,045,454.5̅4̅ Class A and 227,272.7̅2̅ Class B ordinary shares. The company’s transfer agent, Vstock Transfer, LLC, will act as exchange agent, and book-entry holders will receive updated statements without needing to take action. Class A ordinary shares are expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market on September 30, 2025 under the symbol “RAYA” with a new CUSIP G3109F111.
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FAQ
What corporate action did Erayak Power Solution Group Inc. (RAYA) announce?
Erayak Power Solution Group Inc. announced a 220-for-1 reverse stock split of its ordinary shares, approved by shareholders and the Board on September 8, 2025.
When will Erayak’s reverse stock split become effective for trading?
The reverse stock split is anticipated to be effective when trading on the Nasdaq Capital Market commences on September 30, 2025 (U.S. Eastern Time), with shares trading on a split-adjusted basis.
What happens to Erayak’s Nasdaq listing and identifiers after the reverse split?
Erayak’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “RAYA” and are expected to do so on a split-adjusted basis starting September 30, 2025, under a new CUSIP number G3109F111.