Business Context and Reporting Period
Company: Erayak Power Solution Group Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: March 18, 2026
Reporting Period: Month of March 2026
Context: The Company, incorporated in the Cayman Islands with principal offices in Wenzhou, China, reports the entry into a material definitive agreement to facilitate an at-the-market equity offering.
Key Financial Metrics
This filing does not contain audited financial statements, revenue, profit, cash flow, or debt metrics. The only financial figures disclosed relate to the proposed capital raise:
- Maximum Aggregate Gross Proceeds: Up to $20,000,000.
- Agent Compensation: 4.0% of aggregate gross proceeds from each sale.
- Share Class: Class A ordinary shares (par value US$0.022).
Material Changes
On March 16, 2026, the Company entered into a Sales Agreement with Craft Capital Management LLC. This agreement authorizes the Company to offer and sell shares via an "at-the-market" offering under an existing shelf registration statement (Form F-3, File No. 333-278347). No shares have been sold as of the filing date, and the Company is not obligated to sell any shares.
Guidance, Outlook, and Use of Proceeds
Management intends to use net proceeds to advance its North American strategy through the following initiatives:
- Expanding the product portfolio for North America.
- Localizing manufacturing and enhancing supply resilience.
- Ensuring regulatory and safety compliance.
- Building go-to-market and service infrastructure.
- Supporting working capital and seasonal inventory positioning.
Risks and Contingencies: The filing explicitly states that no assurance can be given that the Company will sell any shares, nor regarding the price, number of shares, or timing of any sales. The agreement may be terminated by either party.
Investor Verification Checklist
- Verify the status of the shelf registration statement (File No. 333-278347) and any subsequent prospectus supplements.
- Monitor future filings for actual share sales, pricing, and dilution impact.
- Review the full text of the Sales Agreement (Exhibit 10.1) for termination clauses and indemnification details.
- Assess the Company's current liquidity position to determine the necessity of this capital raise.
- Confirm progress on the stated North American strategic initiatives in subsequent operational reports.