Erayak Power Solution Group Inc. enters ATM sales agreement
Ticker: RAYA · Form: 6-K · Filed: Sep 30, 2025 · CIK: 1825875
Sentiment: neutral
Topics: at-the-market offering, capital raise, sales agreement
TL;DR
Erayak just inked an ATM deal with Craft Capital to sell shares as needed.
AI Summary
Erayak Power Solution Group Inc. announced on September 22, 2025, that it entered into an at-the-market sales agreement with Craft Capital Management LLC. This agreement allows the company to offer and sell its Class A ordinary shares through the Agent from time to time.
Why It Matters
This agreement provides Erayak with a flexible way to raise capital by selling shares directly into the market, potentially impacting its stock price and liquidity.
Risk Assessment
Risk Level: medium — At-the-market offerings can dilute existing shareholders' value and signal potential financial needs.
Key Players & Entities
- Erayak Power Solution Group Inc. (company) — The company entering into the agreement.
- September 22, 2025 (date) — Date the agreement was entered into.
- Craft Capital Management LLC (company) — The sales agent for the at-the-market offering.
- Class A ordinary shares (security) — The type of shares to be sold.
FAQ
What is the purpose of the at-the-market sales agreement?
The agreement allows Erayak Power Solution Group Inc. to offer and sell its Class A ordinary shares from time to time through Craft Capital Management LLC.
Who is the sales agent for this agreement?
Craft Capital Management LLC is the sales agent.
When was the sales agreement entered into?
The agreement was entered into on September 22, 2025.
What type of shares can be sold under this agreement?
Class A ordinary shares can be sold under this agreement.
What is the filing form type?
The filing form type is a 6-K.
Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 14.4 · Accepted 2025-09-30 08:35:07
Key Financial Figures
- $0.0001 — ent, Class A ordinary shares, par value $0.0001 per share, of the Company (the “S
- $10,000,000 — t, the Company may offer and sell up to $10,000,000 of Shares. Under the Sales Agreement,
Filing Documents
- erayak6k092925.htm (6-K) — 18KB
- erayakex5-1.htm (EX-5.1) — 32KB
- erayakex10-1.htm (EX-10.1) — 213KB
- ex5-1_001.jpg (GRAPHIC) — 7KB
- 0001185185-25-001312.txt ( ) — 273KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ERAYAK Power Solution Group Inc Date: September 30, 2025 By: /s/ Lingyi Kong Name: Lingyi Kong Title: Chief Executive Officer 2 Exhibit Index Exhibit No. Description 5.1 Opinion of Harney Westwood & Riegels 10.1 Sales Agreement, dated September 29, 2025, by and between ERAYAK Power Solution Group Inc. and Craft Capital Management LLC 23.1 Consent of Harney Westwood & Riegels (included in Exhibit 5.1) 3