ERAYAK Power Solution Group Inc. issued 1,247,456 Class A Ordinary Shares under its ATM facility as of March 31, 2026, raising net proceeds of US$0.69 million for North American strategy initiatives.
Key takeaways
Entered Sales Agreement with Craft Capital Management LLC on March 18, 2026 for ATM offerings up to US$20 million.
Issued 1,247,456 Class A Ordinary Shares by March 31, 2026, generating gross proceeds of US$0.72 million.
Net proceeds of US$0.69 million after 4% sales agent commission and offering expenses.
4,748,740 Class A Ordinary Shares issued and outstanding as of filing date.
Plans to use proceeds for North American expansion including product portfolio, manufacturing localization, compliance, go-to-market infrastructure, and working capital.