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Erayak Power Solution Group Incorporation Class A ( (RAYA) ) has shared an update.
On July 25, 2025, Erayak Power Solution Group Inc. announced a securities purchase agreement with institutional investors, resulting in a registered direct offering of 30,612,246 Class A ordinary shares and pre-funded warrants, raising approximately $3 million. The offering closed on July 28, 2025, with proceeds intended for enhancing the company’s automated warehousing system, product development, sales and marketing, and working capital. This financial move is expected to bolster Erayak’s market position and operational capabilities in the power supply industry.
More about Erayak Power Solution Group Incorporation Class A
Erayak Power Solution Group Inc. is a leading manufacturer, designer, and exporter in the power supply industry. The company specializes in the production, research, and development of power solution products, including sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. These products are primarily used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products.
Average Trading Volume: 7,064,025
Technical Sentiment Signal: Sell
Current Market Cap: $5.72M
Learn more about RAYA stock on TipRanks’ Stock Analysis page.