Erayak Power Solution Group Inc. Announces Closing of $3 Million Registered Direct Offering

Jam • • Markets • 17 views

Erayak Power Solution Group (NASDAQ: RAYA) closed a registered direct offering, selling 30,612,246 Class A ordinary shares (or equivalents) at $0.098 per share. This generated approximately $3 million in gross proceeds before deducting fees and expenses. The offering also included pre-funded warrants priced at $0.098 with a minimal exercise price.

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Erayak Power Solution Group (NASDAQ: RAYA), a player in the power supply industry, has announced the successful closing of its registered direct offering. The company offloaded 30,612,246 Class A ordinary shares (or equivalents) at a price of $0.098 apiece, pulling in roughly $3 million in gross proceeds before factoring in fees and expenses.

The offering package included pre-funded warrants, also priced at $0.098, but with a tantalizingly low exercise price of $0

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Jam

Jam

Jan, a seasoned journalist, specializes in major corporations' stock industry and the IT tech internet field. With years of experience, she's known for dissecting global tech giants' stock moves, analyzing financial impacts and industry trends. Jan excels at simplifying complex data and tech concepts, and her work appears in renowned financial and tech publications.
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