Erayak Power Solution Group Inc. announced a 1-for-10 reverse stock split effective April 20, 2026, alongside adoption of its Fifth Amended and Restated Memorandum and Articles of Association, to increase share price and maintain Nasdaq listing.
Key takeaways
1-for-10 reverse stock split of Class A and Class B ordinary shares effective April 20, 2026.
Par value increases from US$0.022 to US$0.22 per share; authorized capital adjusted to US$220,000,000 (900M Class A, 100M Class B).
Post-split: ~978,474 Class A and 4,091 Class B ordinary shares issued and outstanding.
Class A shares trade post-split under RAYA with new CUSIP G3109F129.
Shareholder approval at extraordinary general meeting on February 5, 2026; board approved March 25, 2026.
No fractional shares issued; rounded up to nearest whole share.
Intended to raise market price per share to maintain Nasdaq listing.