Erayak Power Solution Group Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification

January 19, 2024

https://www.prnewswire.com/news-releases/erayak-power-solution-group-inc-announces-receipt-of-nasdaq-minimum-bid-price-notification-301993915.html

WENZHOU, China, Nov. 20, 2023 /PRNewswire/ — Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, announced today that on November 15, 2023, the Company received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

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