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Erayak Power Solution Group Incorporation Class A ( (RAYA) ) just unveiled an announcement.
Erayak Power Solution Group Inc. announced an extraordinary general meeting of shareholders scheduled for September 8, 2025, to discuss key proposals including a reverse stock split and the adoption of a third amended and restated memorandum and articles of association. The reverse stock split aims to consolidate the company’s shares at a ratio between 1-for-120 and 1-for-220, with the final ratio to be determined by the board. This move is expected to impact the company’s share capital structure and potentially its market positioning.
More about Erayak Power Solution Group Incorporation Class A
Erayak Power Solution Group Inc. operates in the power solutions industry, focusing on providing power solutions and related services. The company is based in Wenzhou, Zhejiang Province, China.
Average Trading Volume: 37,520,389
Technical Sentiment Signal: Sell
Current Market Cap: $10.1M
See more insights into RAYA stock on TipRanks’ Stock Analysis page.