Erayak Power Solution Raises $0.69 Million via ATM to Fund North American Expansion

Erayak Power Solution Group Incorporation Class A ( (RAYA) ) has shared an update.

Erayak Power Solution Group Inc. reported that, as of March 31, 2026, it had issued 1,247,456 Class A ordinary shares under its at-the-market offering program with Craft Capital Management LLC, raising gross proceeds of about $0.72 million and net proceeds of roughly $0.69 million. Following this issuance, the company has 4,748,740 Class A ordinary shares outstanding and intends to deploy the funds to advance its North American strategy, including expanding its product portfolio, localizing manufacturing and supply resilience, strengthening regulatory and safety compliance, building go-to-market and service infrastructure, and supporting working capital and seasonal inventory needs.

These capital-raising steps indicate a measured but active effort to build out Erayak’s operational footprint and commercial capabilities in North America. For stakeholders, the move suggests a focus on long-term market penetration in a key overseas region, while modest dilution of existing shareholders accompanies the strategic investment in product, compliance, and distribution infrastructure.

More about Erayak Power Solution Group Incorporation Class A

Erayak Power Solution Group Inc. is a China-based power solutions provider headquartered in Wenzhou, Zhejiang Province. The company focuses on designing and supplying power-related products and is expanding its presence in international markets, with a growing strategic emphasis on North America.

Average Trading Volume: 1,436,503

Technical Sentiment Signal: Sell

Current Market Cap: $355.4K

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