On July 25, 2025, Erayak Power Solution Group Inc. (NASDAQ:RAYA) announced it entered into a securities purchase agreement with institutional investors, leading to a registered direct offering of 30,612,246 Class A ordinary shares and pre-funded warrants. The transaction, which closed on July 28, 2025, raised about $3 million. The funds will be allocated to upgrading the company’s automated warehousing system, advancing product development, expanding sales and marketing efforts, and supporting working capital. This capital infusion aims to strengthen Erayak’s competitive edge and operational efficiency in the power supply sector.
About Erayak Power Solution Group Inc. Class A
Erayak Power Solution Group Inc. is a prominent manufacturer, designer, and exporter in the power supply market. The company focuses on the design, production, and innovation of various power solution products such as sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, as well as custom-made solutions. Their products serve a wide range of applications including agricultural and industrial vehicles, recreational vehicles, household electrical appliances, and outdoor living equipment.
Erayak Power Solution Group stock price
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