Erayak Power Solution Group enters ATM equity sales agreement for up to USD 20 million

Reuters03-19

Erayak Power Solution Group enters ATM equity sales agreement for up to USD 20 million

Erayak entered an at-the-market equity distribution agreement with Craft Capital Management to sell Class A ordinary shares from time to time. The program allows gross sales proceeds of up to USD 20 million under Erayak’s existing shelf registration statement. Craft Capital Management will receive a 4% sales commission on shares sold under the agreement. Erayak said it intends to use net proceeds to support its North American strategy and for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Erayak Power Solution Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-000944), on March 18, 2026, and is solely responsible for the information contained therein.

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