Erayak Raises $6.2 Million as It Ends ATM Share Program to Fund North American Expansion

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

Erayak Power Solution Group Inc., a China-based provider of power equipment such as inverters and generators, is sharpening its focus on the North American market, aiming to broaden its product portfolio, localize manufacturing and strengthen regulatory compliance and service capabilities. The company views this regional strategy as key to enhancing its competitive position and improving supply resilience for customers.

On February 27, 2026, Erayak reported that it had sold 2,683,190 Class A ordinary shares under an at-the-market equity program launched in September 2025, raising about $6.69 million in gross proceeds before costs. After paying commissions and expenses, the company received roughly $6.23 million in net proceeds, ended the program’s sales agreement on February 26, 2026, and plans to deploy the funds to support its North American expansion initiatives and working capital needs, with 3,537,284 Class A shares now outstanding.

More about Erayak Power Solution Group Incorporation Class A

Erayak Power Solution Group Inc. is a China-based manufacturer of power solutions, focusing on products such as inverters, generators and related equipment. The company targets global markets, and is now emphasizing expansion in North America, including localized manufacturing, regulatory compliance and service infrastructure to better serve customers in that region.

Average Trading Volume: 1,020,662

Technical Sentiment Signal: Sell

Current Market Cap: $730.3K

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