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Erayak Power Solution Group Incorporation Class A ( (RAYA) ) has shared an announcement.
On March 25, 2026, Erayak Power Solution Group Inc.’s board approved a 1-for-10 reverse stock split of its Class A and Class B ordinary shares, following shareholder approval at an extraordinary general meeting on February 5, 2026. The split combines every ten existing shares into one, raises par value to $0.22 per share, and leaves approximately 978,474 Class A and 4,091 Class B shares outstanding, with fractional entitlements rounded up.
The company’s Class A shares are set to begin trading on a post-split basis on Nasdaq on April 20, 2026 under the existing ticker RAYA and a new CUSIP G3109F129. Erayak stated that the move is intended to boost its share price to maintain compliance with Nasdaq listing standards, a step that may stabilize its market presence and reassure investors about the company’s continued access to U.S. capital markets.
More about Erayak Power Solution Group Incorporation Class A
Erayak Power Solution Group Inc. is a China-based manufacturer, designer and exporter of power solution products serving mobile and outdoor applications. Its portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products used in agricultural and industrial vehicles, recreational vehicles, electrical appliances and outdoor living.
Average Trading Volume: 8,899,255
Technical Sentiment Signal: Sell
Current Market Cap: $2.99M
For detailed information about RAYA stock, go to TipRanks’ Stock Analysis page.