ERAYAK (RAYA) nets US$6.23M from ATM share sales as agreement ends

Rhea-AI Filing Summary

ERAYAK Power Solution Group Inc. updated investors on activity under its previously established at-the-market equity program with Craft Capital Management LLC. The company was permitted to sell up to US$10,000,000 of Class A ordinary shares under an effective shelf registration.

As of February 27, 2026, ERAYAK had issued 2,683,190 Class A ordinary shares through this facility, generating gross proceeds of about US$6.69 million. After paying a 4% sales commission and other offering costs, the company received net proceeds of roughly US$6.23 million. The sales agreement was terminated as of February 26, 2026, and the company reports 3,537,284 Class A ordinary shares issued and outstanding.

Management plans to use the net proceeds to support its North American strategy, including expanding the product portfolio, localizing manufacturing and supply resilience, funding regulatory and safety compliance, building go-to-market and service infrastructure, and providing working capital and seasonal inventory.

Insights

Equity Capital Markets Analyst

ERAYAK raised US$6.23M via an ATM share program that is now terminated.

ERAYAK used an at-the-market equity facility with Craft Capital to issue 2,683,190 Class A ordinary shares for gross proceeds of US$6.69 million. After a 4% commission and offering expenses, net proceeds were about US$6.23 million, providing fresh equity capital.

The filing states that the sales agreement was terminated as of February 26, 2026, so no further issuance will occur under this specific arrangement. The company reports 3,537,284 Class A ordinary shares issued and outstanding as of the current report date, indicating the enlarged share base after these sales.

Management outlines a targeted use of proceeds for its North American strategy, including product expansion, localized manufacturing and supply resilience, regulatory and safety compliance, go-to-market and service infrastructure, and working capital. Subsequent filings may provide more detail on execution progress of these initiatives and any additional financing plans.

Form 6-K: How Foreign Companies Report to the SEC →

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 September 30, 2025, 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$10,000,000 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. 333-281181) and the related prospectus supplement dated September 22, 2025.

As of February 27, 2026, the Company issued an aggregate of 2,683,190 Class A Ordinary Shares under the Sales Agreement, resulting in gross proceeds of approximately US$6.69 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$6.23 million. As of the date of this current report, the company has 3,537,284 Class A Ordinary Shares issued and outstanding.

The Sales Agreement was terminated as of February 26, 2026.

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. 333-281181).

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: March 5, 2026	By:	/s/ Lingyi Kong
	Name:	Lingyi Kong
	Title:	Chief Executive Officer

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FAQ

How much capital did ERAYAK Power Solution Group Inc. (RAYA) raise through its ATM share program?

ERAYAK raised gross proceeds of about US$6.69 million by issuing 2,683,190 Class A ordinary shares. After paying a 4% sales commission and other offering expenses, the company received net proceeds of approximately US$6.23 million to fund strategic initiatives.

How many ERAYAK (RAYA) Class A ordinary shares are currently outstanding?

As of this report, ERAYAK has 3,537,284 Class A ordinary shares issued and outstanding. This figure reflects shares sold under the at-the-market facility and represents the company’s updated share count for investors tracking equity dilution and ownership.

Is ERAYAK Power Solution Group Inc.’s at-the-market equity program still active?

No. ERAYAK’s sales agreement with Craft Capital Management LLC for at-the-market offerings was terminated as of February 26, 2026. The company can no longer sell additional shares under this specific agreement, although its shelf registration remains referenced.

What was the maximum size of ERAYAK’s at-the-market share offering program?

The at-the-market facility allowed ERAYAK to offer and sell up to US$10,000,000 of Class A ordinary shares. These shares were issued under an effective Form F-3 shelf registration and a related prospectus supplement dated September 22, 2025.

How does ERAYAK (RAYA) plan to use the net proceeds from its share sales?

ERAYAK plans to use the approximately US$6.23 million in net proceeds to advance its North American strategy. Priorities include expanding the product portfolio, localizing manufacturing and supply resilience, supporting regulatory and safety compliance, building go-to-market and service infrastructure, and funding working capital needs.

Which sales agent handled ERAYAK’s at-the-market share offerings?

Craft Capital Management LLC acted as sales agent for ERAYAK’s at-the-market offerings. Under the sales agreement, the agent received a 4% commission on gross proceeds from the Class A ordinary shares sold before the agreement’s termination on February 26, 2026.