Mak Wang-Ngai Discloses 2M Share Stake in Erayak Power Solution
Ticker: RAYA · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 1825875
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, passive-investment, shareholder-disclosure
TL;DR
**Mak Wang-Ngai just revealed a 2 million share stake in Erayak Power Solution Group, signaling a big, passive bet.**
AI Summary
Mak Wang-Ngai, a Hong Kong-based individual, reported beneficial ownership of 2,000,000 Class A ordinary shares of Erayak Power Solution Group Inc. as of January 22, 2024. This filing, an SC 13G, indicates a significant stake, representing 100% of the company's Class A ordinary shares, and suggests a passive investment rather than an attempt to control the company. This matters to shareholders because a large, passive stake by an individual can signal confidence in the company's long-term prospects, but also means less liquidity for those specific shares.
Why It Matters
This filing reveals a major individual investor's significant stake in Erayak Power Solution Group Inc., which can influence market perception and liquidity for the stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment, which generally carries lower risk of immediate disruptive corporate actions compared to activist stakes.
Analyst Insight
Investors should note this significant, passive stake as it indicates a large holder with no immediate intent to influence company operations. This could be a sign of long-term confidence, but also means a large block of shares is not actively traded, potentially impacting liquidity.
Key Numbers
- 2,000,000 — Class A ordinary shares (total shares beneficially owned by Mak Wang-Ngai)
- January 22, 2024 — Date of event (the date on which the reported event occurred)
- G3109F103 — CUSIP No. (identifies Erayak Power Solution Group Inc.'s Class A Ordinary Shares)
Key Players & Entities
- Mak Wang-Ngai (person) — reporting person, beneficial owner of shares
- Erayak Power Solution Group Inc. (company) — subject company whose shares are being reported
- Hong Kong SAR (company) — citizenship/place of organization for Mak Wang-Ngai
- CEC SCIENCE & INNOVATION CO., LTD. (company) — group member listed in the filing
- GRAND MERCHANT INC LTD (company) — group member listed in the filing
Forward-Looking Statements
- Mak Wang-Ngai will maintain a passive investment stance in Erayak Power Solution Group Inc. (Mak Wang-Ngai) — high confidence, target: Next 12-24 months
- The significant stake held by Mak Wang-Ngai will be viewed as a positive signal by some investors. (Erayak Power Solution Group Inc.) — medium confidence, target: Short-term
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is WANG-NGAI MAK, whose citizenship or place of organization is HONG KONG SAR, as stated in item 4 of the Schedule 13G.
What is the total number of Class A ordinary shares of Erayak Power Solution Group Inc. beneficially owned by the reporting person?
Mak Wang-Ngai beneficially owns an aggregate amount of 2,000,000 Class A ordinary shares, as reported in row 9 of the Schedule 13G.
What is the date of the event that triggered this SC 13G filing?
The date of the event is January 22, 2024, as specified on the first page of the Schedule 13G.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), indicated by the checked box on the first page of the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class A Ordinary Shares of Erayak Power Solution Group Inc. is G3109F103, as listed on the cover page of the Schedule 13G.
Filing Stats: 1,526 words · 6 min read · ~5 pages · Grade level 11.1 · Accepted 2024-01-24 15:45:57
Key Financial Figures
- $0.0001 — s: Class A Ordinary Shares, par value $0.0001 per share (e) CUSIP No.: G3109F103
Filing Documents
- ea192127-13gwang_erayak.htm (SC 13G) — 73KB
- 0001213900-24-006061.txt ( ) — 74KB
Certifications
Item 10. Certifications. By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 22, 2024 WANG-NGAI MAK /s/ Wang-Ngai Mak Wang-Ngai Mak GRAND MERCHANT INCORPORATION LIMITED /s/ Wang-Ngai Mak Wang-Ngai Mak CEC Science and Innovation Co., Ltd. /s/ Wang-Ngai Mak Wang-Ngai Mak 8