24/7 Market News Snapshot 01 August, 2025 – Erayak Power Solution Group Inc. Class A Ordinary Shares (NASDAQ:RAYA)

August 1, 2025

DENVER, Colo., 01 August, 2025 (www.247marketnews.com) – (NASDAQ:RAYA) are discussed in this article.
Erayak Power Solution Group Inc. has garnered attention in the market with a notable increase in share price, reflecting a robust rebound in investor confidence. The company’s stock, which opened at $0.07 today, has experienced an impressive rise of approximately 17.17%, closing the previous session at $0.059. Such heightened trading activity—evidenced by a volume of 233.19 million shares—demonstrates significant market interest and potential momentum. Analysts suggest that while this bullish trend may indicate a possible breakout, it is important for traders to monitor for overbought conditions. Support levels are anticipated around $0.059, with resistance emerging at approximately $0.075, prompting investors to maintain a cautious yet optimistic outlook as market dynamics unfold.

In conjunction with this upward price momentum, the Company has successfully completed a registered direct offering with select institutional investors, further solidifying its position in the market. This offering, which comprised roughly 107.7 million Class A ordinary shares priced at $0.065 per share, has yielded estimated gross proceeds of around $7 million. This strategic financial maneuver is aimed at enhancing Erayak’s capital structure, enabling increased investment in manufacturing innovation and product development.

Craft Capital Management LLC played a central role as the sole placement agent, while legal counsel was provided by Ortoli Rosenstadt LLP and Sichenzia Ross Ference Carmel LLP. As a market leader specializing in advanced power solutions, including sine wave and off-grid inverters, Erayak is poised to capitalize on new growth opportunities. The Company is committed to delivering high-quality products that cater to a variety of applications, from industrial vehicles to recreational outdoor solutions. Moving forward, stakeholders are encouraged to stay informed about the Company’s progress and initiatives that aim to drive continued innovation in the power supply sector.

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