STOCK TITAN

Erayak (Nasdaq: RAYA) sets 1-for-10 reverse split to support Nasdaq listing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

ERAYAK Power Solution Group Inc. is implementing a 1-for-10 reverse stock split of its Class A and Class B ordinary shares. Every ten shares will be combined into one share, and par value will increase from US$0.022 to US$0.22 per share.

After the split, authorized share capital will be US$220,000,000, divided into 900,000,000 Class A and 100,000,000 Class B ordinary shares, all with a par value of US$0.22. The company expects to have about 978,474 Class A shares and 4,091 Class B shares outstanding.

The post-split Class A shares are expected to begin trading on Nasdaq on April 20, 2026 under the existing symbol RAYA and a new CUSIP G3109F129. The reverse split, approved by shareholders on February 5, 2026, is intended to increase the share price to help maintain the Nasdaq listing.

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Reverse split ratio 1-for-10 Class A and Class B ordinary shares
Par value before split US$0.022 per share Pre-split Class A and Class B ordinary shares
Par value after split US$0.22 per share Post-split Class A and Class B ordinary shares
Authorized share capital US$220,000,000 Post-split capital divided between Class A and Class B
Authorized Class A shares 900,000,000 shares Post-split, par value US$0.22 each
Authorized Class B shares 100,000,000 shares Post-split, par value US$0.22 each
Post-split Class A outstanding 978,474 shares Expected after reverse stock split
Post-split Class B outstanding 4,091 shares Expected after reverse stock split
Reverse Stock Split financial
"approved a reverse stock split of the Company’s Class A ordinary shares and Class B ordinary shares"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Nasdaq Stock Market LLC financial
"Class A ordinary shares expect to begin trading on a post-split basis on the Nasdaq Stock Market LLC"
Nasdaq Stock Market LLC is the company that operates the Nasdaq electronic stock exchange, a large centralized marketplace where shares of publicly traded companies are listed and bought and sold. Think of it as a high-speed digital auction house and storefront combined: being listed there gives a company visibility and easier access to many buyers, while investors benefit from transparent prices, fast trades and regulated rules that help protect fair trading.
extraordinary general meeting of shareholders financial
"approved by a vote of the Company’s shareholders at its extraordinary general meeting of shareholders held on February 5, 2026"
A meeting called by a company outside its regular annual meeting to address urgent or special matters that cannot wait until the next scheduled meeting. Investors attend or vote to decide on actions such as major deals, leadership changes, capital-raising, or rule changes; think of it as an emergency board meeting where shareholders have a direct say and the outcomes can quickly change a company’s strategy, ownership stakes, or financial prospects.
CUSIP number financial
"The new CUSIP number following the Reverse Stock Split is G3109F129"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
forward-looking statements financial
"Certain statements in this announcement are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

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 April 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 offices)

 

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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On March 25, 2026, the board of directors of ERAYAK Power Solution Group Inc., a Cayman Islands exempted company (the “Company”), approved a reverse stock split of the Company’s Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-10 (the “Reverse Stock Split”), such that (a) every ten (10) issued Class A ordinary shares of a par value of US$0.022 each will be combined into one (1) issued Class A ordinary share of a par value of US$0.22 each, (b) every ten (10) issued Class B ordinary shares of a par value of US$0.022 each will be combined into one (1) issued Class B ordinary share of a par value of US$0.22 each, and (c) any fractional shares will be rounded up to the nearest whole share. As a result, the Company’s authorized share capital will be adjusted to US$220,000,000 divided into 900,000,000 Class A ordinary shares with a par value of US$0.22 each and 100,000,000 Class B ordinary shares with a par value of US$0.22 each.

 

The Company’s Class A ordinary shares expect to begin trading on a post-split basis on the Nasdaq Stock Market LLC on April 20, 2026, under the current symbol “RAYA”. The new CUSIP number following the Reverse Stock Split is G3109F129. A copy of the Company’s Fifth Amended and Restated Memorandum and Articles of Association is attached hereto as Exhibit 3.1.

 

On April 16, 2026, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is attached hereto as Exhibit 99.1.

 

This report on Form 6-K is hereby incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-278347), as amended, and shall be deemed to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

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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, thereunto duly authorized.

 

  ERAYAK Power Solution Group Inc.
     
Date: April 16, 2026 By: /s/ Lingyi Kong
  Name:  Lingyi Kong
  Title: Chief Executive Officer

 

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Exhibit Index

 

Exhibit No.   Description
3.1   Fifth Amended and Restated Memorandum and Articles of Association of ERAYAK Power Solution Group Inc.
99.1   Press Release of ERAYAK Power Solution Group Inc., dated April 16, 2026

 

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Exhibit 99.1

 

Erayak Power Solution Group Inc. Announces 1-for-10 Reverse Stock Split Effective April 20, 2026

 

WENZHOU, China, April 16 (GLOBE NEWSWIRE) – ERAYAK Power Solution Group Inc. (Nasdaq: RAYA) (“Erayak” or “we,” “our,” or the “Company”), a manufacturer, designer, and exporter of power solution products, today announced that on March 25, 2026, its board of directors approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a one-for-ten basis (the “Reverse Stock Split”). The Company’s Class A Ordinary Shares will begin trading on the Nasdaq Stock Market LLC (“Nasdaq”) on a post-split basis on April 20, 2026 under the symbol “RAYA” under a new CUSIP number – G3109F129.

 

As a result of the Reverse Stock Split, each ten (10) issued and outstanding Class A ordinary shares will be combined into one (1) Class A ordinary share and each ten (10) issued and outstanding Class B ordinary shares will be combined into one (1) Class B ordinary share, automatically and without any action by shareholders. The reverse split will result in a proportional increase in par value from US$0.022 per share to US$0.22 per share and an adjustment of the Company’s authorized share capital to US$220,000,000 divided into (a) 900,000,000 Class A ordinary shares with a par value of US$0.22 each and (b) 100,000,000 Class B ordinary shares with a par value of US$0.22 each. After giving effect to the Reverse Stock Split, the Company expects to have approximately 978,474 Class A ordinary shares and 4,091 Class B ordinary shares issued and outstanding. The Reverse Stock Split is intended to increase the market price per share of the Company’s Class A ordinary shares to allow the Company to maintain its Nasdaq listing.

 

No fractional shares will be issued as a result of the Reverse Stock Split. Shareholders who would be entitled to a fractional share as a result of the Reverse Stock Split shall have their entitlement rounded up to the nearest whole share.

 

The Reverse Stock Split was approved by a vote of the Company’s shareholders at its extraordinary general meeting of shareholders held on February 5, 2026.

 

The Company’s transfer agent, VStock Transfer LLC, will act as the exchange agent. Adjustments made to Class A ordinary shares and Class B ordinary shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer LLC for further information at (212) 828-8436.

 

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

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

 

Investor Relations Contact:

 

Erayak Power Solution Group Inc.

Email: investor@erayakpower.com

Website: www.erayakpower.com

FAQ

What reverse stock split did ERAYAK Power Solution Group Inc. (RAYA) approve?

ERAYAK approved a 1-for-10 reverse stock split of its Class A and Class B ordinary shares. Every ten existing shares will automatically combine into one new share, with no action required from shareholders and fractional entitlements rounded up to the nearest whole share.

When will ERAYAK’s (RAYA) reverse stock split become effective on Nasdaq?

The company expects its Class A ordinary shares to begin trading on a post-split basis on Nasdaq on April 20, 2026. Shares will continue under the symbol RAYA but with a new CUSIP number, G3109F129, reflecting the reverse stock split implementation.

How will ERAYAK’s share count change after the 1-for-10 reverse split?

After the reverse stock split, ERAYAK expects to have approximately 978,474 Class A ordinary shares and 4,091 Class B ordinary shares outstanding. This reflects the 1-for-10 consolidation, which reduces the number of shares while increasing the par value proportionally.

What happens to ERAYAK’s authorized share capital after the reverse split?

Authorized share capital will be adjusted to US$220,000,000, divided into 900,000,000 Class A ordinary shares and 100,000,000 Class B ordinary shares, each with a par value of US$0.22. This aligns the capital structure with the new higher par value per share.

Why is ERAYAK conducting a reverse stock split of its ordinary shares?

The reverse stock split is intended to increase the market price per share of ERAYAK’s Class A ordinary shares, helping the company maintain its Nasdaq listing. By consolidating shares, the per-share price typically rises, supporting compliance with Nasdaq listing standards.

How will fractional shares be treated in ERAYAK’s reverse stock split?

No fractional shares will be issued in the reverse stock split. Any shareholder who would otherwise receive a fractional share will have their entitlement rounded up to the nearest whole share, simplifying the post-split share structure for all investors.

Who approved ERAYAK’s 1-for-10 reverse stock split and when?

Shareholders approved the reverse stock split at an extraordinary general meeting held on February 5, 2026. The board of directors subsequently approved the 1-for-10 split ratio on March 25, 2026, setting the terms for implementation on the company’s share structure.

Filing Exhibits & Attachments

2 documents