24/7 Market News Snapshot 31 July, 2025 – Erayak Power Solution Group Inc. Class A Ordinary Shares (NASDAQ:RAYA)

July 31, 2025

DENVER, Colo., 31 July, 2025 (www.247marketnews.com) – (NASDAQ:RAYA) are discussed in this article.
Erayak Power Solution Group Inc. (RAYA) has recently made headlines amid a significant stock price fluctuation, experiencing a downturn of nearly 46.95%. After opening trading today at $0.166, the stock price dropped to approximately $0.068, a stark shift from the previous session’s close of $0.128. The trading volume surged to 356.49 million shares, indicating heightened market activity and investor interest. Those monitoring the stock should note the potential support level around $0.065 and resistance near $0.10, suggesting a cautious approach as the company navigates this volatility.

Amidst this market turbulence, Erayak announced a landmark advancement by securing a securities purchase agreement with notable institutional investors. This agreement facilitates the purchase and sale of around 107,692,307 Class A ordinary shares at a price of $0.065 per share, which is anticipated to yield approximately $7 million in gross proceeds. The funds generated by this registered direct offering will play a pivotal role in supporting Erayak’s ongoing commitment to innovation and expansion within the power supply industry.

Craft Capital Management is overseeing the transaction, projected to conclude around August 1, 2025, depending on the fulfillment of customary closing conditions. This offering adheres to an established shelf registration statement, ensuring regulatory compliance and transparency throughout.

Renowned for its high-quality power solutions, including sine wave and off-grid inverters, generators, and tailored solutions, Erayak is positioned to serve various markets, from agricultural to recreational sectors. The recent financial backing reaffirms institutional investors’ confidence in Erayak’s growth potential and technological advancements. As the company continues to develop its product offerings and pursue industry leadership, it remains dedicated to keeping stakeholders well-informed on future developments.

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