Recent Updates — RAYA

Erayak Power Solution Group Inc. raised approximately $7.48 million through the issuance of shares during the six months ended June 30, 2026. The company also reported first-half revenue of $12.17 million, a 39% increase from the prior year period, driven by higher sales volumes of gasoline generators and inverters. Despite top-line growth, gross margins compressed to 15.63% due to a shift toward lower-margin generator products and a volume-driven pricing strategy. The company incurred a net loss of $761,221 for the period. Erayak Power Solution Group Inc. manufactures and sells electrical power products, including inverters, chargers, and gasoline generators.

On July 9, 2026, shareholders approved a share capital reduction and reorganization, reducing the par value of Class A and Class B ordinary shares from $0.22 to $0.00001. The resulting credit will be transferred to a distributable reserve account to potentially eliminate accumulated losses. Shareholders also approved increasing the authorized share capital from 1 billion shares to 5 billion shares (4.5 billion Class A and 500 million Class B) with a par value of $0.00001. Additionally, the company adopted its Sixth Amended and Restated Memorandum and Articles of Association to reflect these changes. Erayak Power Solution Group Inc. operates in the power solutions industry, providing energy-related products and services.