Erayak Power Solution Group Inc

Erayak Power Solution Group Inc. is a holding company. It manufactures, researches, develops, wholesales, and retails power solution products. It operates through the following segments: China, France, Poland, Germany, and Mexico. The company was founded on June14, 2019 and is headquartered in Wenzhou, China.

Earnings data Q2 2023

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. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until May 13, 2024, to regain compliance with the minimum bid price requirement.

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

Wenzhou, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- 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, will be participating in two upcoming conferences in October 2023.

Erayak Power Solution Group Inc. to Participate in Two Upcoming Conferences in October 2023

Wenzhou, China, Sept. 28, 2023 (GLOBE NEWSWIRE) -- 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, is pleased to announce that the Company is discussing with potential strategic partners to expand its market opportunities and product reach.

Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and Product Offerings

Wenzhou, China, Sept. 11, 2023 (GLOBE NEWSWIRE) -- 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, is pleased to announce that it has plans to expand its business operations and distribution within the Middle East and South Asia.

Erayak Power Solution Group Inc. Initiates Plans to Expand into the Middle East and South Asia

Wenzhou, China, Aug. 07, 2023 (GLOBE NEWSWIRE) -- 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, participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23, in Wenzhou, China. The Company promoted its latest DBS Portable Power Station Series, which helped provide iced drinks during the event.

Erayak Power Solution Group Inc. Participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23

The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™ The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™

Erayak Power Solution Group Inc. to Deliver a Live Presentation at the Skyline Signature Series™ on Monday, July 24, 2023

Wenzhou, China, June 28, 2023 (GLOBE NEWSWIRE) -- 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, is pleased to announce the upcoming launch of its new product: the BDS Portable Power Station Series, which is currently in production and is expected to be available on Amazon.com in September 2023.

Erayak Power Solution Group Inc Announces the Upcoming Launch of its BDS Portable Power Station Series

Wenzhou, China, June 08, 2023 (GLOBE NEWSWIRE) -- 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, was honored to welcome a delegation of trade officials from China and the United States on May 26, 2023, at Erayak's headquarters.

U.S. Consulate General Shanghai Visits Erayak Power Solution Group in an Effort to Strengthen Bilateral Trade between China and the U.S.

Wenzhou, China, May 18, 2023 (GLOBE NEWSWIRE) -- 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 financial results for the fiscal year ended December 31, 2022.

Erayak Power Solution Group Inc. Reports 44.5% Increase in Revenue, 15.7% Increase in Gross Profit in Fiscal Year 2022

WENZHOU, China, April 14, 2023 (GLOBE NEWSWIRE) -- 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, is pleased to announce that it will be participating in the 133rd China Import and Export Fair 2023 (“Fair”), also known as the Canton Fair 2023, in Guangzhou, China, which will be held at the Guangzhou Canton Fair Complex, from April 15-19, 2023.

Erayak Power Solution Group Inc. to Participate in the 133rd China Import and Export Fair 2023 from April 15-19

Wenzhou, China, March 01, 2023 (GLOBE NEWSWIRE) -- 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, is pleased to provide the following information concerning the Company's generator sales in 2022.

Erayak Power Solution Group Inc. Reports Approximately 500% Increase in Generator Sales in Fiscal Year 2022

WENZHOU, China , Dec. 28, 2022 /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, is pleased to provide the following information concerning the Company's generator sales in 2022. For the first half of 2022, sales of the Company's generators were US$3.65 million, a 437% increase compared to US$835 thousand in the first half of 2021.

Erayak Power Solution Group Inc. Reports 437% Increase in Generator Sales in the First Half of 2022

Wenzhou, China, Dec. 16, 2022 (GLOBE NEWSWIRE) -- 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, today announced the closing of its initial public offering of 3 million Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $12 million, before deducting underwriting discounts, commissions, and other related expenses. In addition, Erayak has granted the underwriters a 45-day option to purchase up to an additional 450,000 ordinary shares at the public offering price, less underwriting discount, and commissions.

Erayak Power Solution Group Inc. Announces Closing of $12 Million Initial Public Offering

Erayak Power Solution Group Inc (NASDAQ:RAYA) said its initial public offering of 3 million Class A shares will be offered at a price of $4 per share for total gross proceeds of $12 million before expenses. The leading manufacturer, designer, and exporter of high-quality products in the power supply industry said in a statement that its Class A shares commenced trading on the Nasdaq Capital Market on December 14, 2022, under the ticker symbol “RAYA.

Erayak Power Solution Group reveals pricing of $12M initial public offering

Wenzhou, China, Dec. 14, 2022 (GLOBE NEWSWIRE) -- 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 the pricing of its initial public offering of 3 million Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $12 million, before deducting underwriting discounts, commissions, and other related expenses on December 13, 2022. In addition, Erayak has granted the underwriters a 45-day option to purchase up to an additional 450,000 ordinary shares at the public offering price, less underwriting discount, and commissions.

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