Erayak raises US$0.72M via ATM share sales

ERAYAK Power Solution Group Inc. reported using its at-the-market share sales program with Craft Capital Management LLC.

Accepted by SEC EDGAR 04/02/2026 - 07:30 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

ERAYAK Power Solution Group Inc. reported using its at-the-market share sales program with Craft Capital Management LLC. The company issued 1,247,456 Class A ordinary shares, generating gross proceeds of about US$0.72 million and net proceeds of about US$0.69 million after a 4% commission and expenses.

As of this report, 4,748,740 Class A ordinary shares are issued and outstanding. ERAYAK plans to use the net proceeds to support its North American strategy, including expanding its product portfolio, localizing manufacturing and supply resilience, enhancing regulatory and safety compliance, building go-to-market and service infrastructure, and funding working capital and seasonal inventory.

Key Figures

ATM facility size: US$20,000,000 Shares issued under ATM: 1,247,456 shares Gross proceeds: US$0.72 million +3 more

6 metrics

ATM facility size US$20,000,000 Maximum Class A ordinary shares capacity under sales agreement

Shares issued under ATM 1,247,456 shares Class A ordinary shares issued as of March 31, 2026

Gross proceeds US$0.72 million Raised from ATM share issuances under sales agreement

Net proceeds US$0.69 million After 4% commission and offering expenses

Sales agent commission rate 4% Commission on gross proceeds paid to Craft Capital Management LLC

Shares outstanding 4,748,740 shares Class A ordinary shares issued and outstanding as of report date

Key Terms

at the market offerings, shelf registration statement, gross proceeds, working capital, +1 more

5 terms

at the market offerings financial

"Craft Capital Management LLC, as sales agent in “at the market offerings” (the “ATM facility”)"

At-the-market offerings are a way for a company to raise cash by selling newly issued shares directly into the open market at the current trading price through a broker, rather than in a single large sale. Think of it like topping up a gas tank a little at a time at whatever the pump price is; it gives the company flexibility to raise money when conditions are favorable but can increase the number of shares outstanding and dilute existing investors, and frequent or large sales can put downward pressure on the stock price.

shelf registration statement regulatory

"under the Company’s effective shelf registration statement on Form F-3 (File No. 333-278347)"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

gross proceeds financial

"resulting in gross proceeds of approximately US$0.72 million"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

working capital financial

"(5) working capital and seasonal inventory positioning"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

prospectus supplement regulatory

"and the related prospectus supplement dated March 16, 2025"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ERAYAK Power Solution Group Inc. (RAYA) report in this Form 6-K?

ERAYAK reported activity under its at-the-market share sales program, issuing 1,247,456 Class A ordinary shares. This raised about US$0.72 million in gross proceeds and US$0.69 million in net proceeds for strategic North American initiatives.

How much capital did ERAYAK (RAYA) raise through its ATM facility?

ERAYAK raised approximately US$0.72 million in gross proceeds by issuing 1,247,456 Class A ordinary shares. After paying a 4% sales agent commission and other offering expenses, the company received about US$0.69 million in net proceeds.

How many ERAYAK (RAYA) shares are outstanding after the ATM issuance?

Following the reported at-the-market issuances, ERAYAK has 4,748,740 Class A ordinary shares issued and outstanding. This figure reflects the additional 1,247,456 shares sold under the sales agreement with Craft Capital Management LLC.

What is the size of ERAYAK’s (RAYA) at-the-market share offering program?

Under its sales agreement with Craft Capital Management LLC, ERAYAK may offer and sell up to US$20,000,000 of Class A ordinary shares. These shares are issued from time to time under an effective Form F-3 shelf registration statement and related prospectus supplement.

How will ERAYAK (RAYA) use the net proceeds from the ATM share sales?

ERAYAK plans to use the net proceeds to advance its North American strategy. Priorities include expanding the product portfolio, localizing manufacturing and supply resilience, meeting regulatory and safety requirements, building go-to-market and service infrastructure, and supporting working capital and seasonal inventory.

Which registration statement covers ERAYAK’s (RAYA) ATM share issuances?

The at-the-market share issuances are made under ERAYAK’s effective shelf registration statement on Form F-3, File No. 333-278347, together with a related prospectus supplement dated March 16, 2025, which are incorporated by reference in this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 March 2026

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 office)

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 ☐

As previously disclosed, on March 18, 2026, ERAYAK Power Solution Group Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with Craft Capital Management LLC, as sales agent in “at the market offerings” (the “ATM facility”), pursuant to which the Company may offer and sell from time to time up to US$20,000,000 of Class A ordinary shares, par value US$0.0022 per share (the “Class A Ordinary Shares”), under the Company’s effective shelf registration statement on Form F-3 (File No. 333-278347) and the related prospectus supplement dated March 16, 2025.

As of March 31, 2026, the Company issued an aggregate of 1,247,456 Class A Ordinary Shares under the Sales Agreement, resulting in gross proceeds of approximately US$0.72 million. After payment of the sales agent commission of 4% of the gross proceeds and certain other offering expenses, the Company received net proceeds of approximately US$0.69 million. As of the date of this current report, the Company has 4,748,740 Class A Ordinary Shares issued and outstanding.

The Company plans to use the net proceeds from this offering advance a focused set of initiatives tied to its North American strategy, including (1) expending product portfolio for North America; (2) localizing manufacturing and supply resilience, (3) regulatory and safety compliance; (4) go-to-market and service infrastructure and (5) working capital and seasonal inventory positioning.

The information contained in this current report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-278347).

This current report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

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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, hereunto duly authorized.

	ERAYAK Power Solution Group Inc.
Date: April 2, 2026	By:	/s/ Lingyi Kong
	Name:	Lingyi Kong
	Title:	Chief Executive Officer

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