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.
How will Erayak (RAYA) share counts change after the 220-for-1 reverse split?
After the reverse split, Class A ordinary shares outstanding will decrease from 187,892,786 to approximately 854,059, and Class B ordinary shares from 9,000,000 to approximately 40,910, with fractional shares rounded up.
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.
Will Erayak (RAYA) shareholders need to take action for the reverse split?
The company understands from Vstock Transfer, LLC that almost all shareholders are book entry holders. These shareholders will not need to take any action and will receive updated holding statements after the reverse split.
How will Erayak treat shareholders holding RAYA shares in street name?
Erayak intends to treat shareholders holding ordinary shares in street name the same as shareholders of record. Banks, brokers or other nominees will be instructed to effect the reverse stock split for their beneficial holders, potentially using their own procedures.
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.
What will Erayak’s authorized share capital be after the reverse split?
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.