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Stock impact report

Erayak Power Solution Group Inc. Announces 1-for-10 Reverse Stock Split Effective April 20, 2026

Erayak Power Solution Group Inc. - Class A Ordinary Shares (RAYA) 
Company Research Source: GlobeNewswire
WENZHOU, China, April 16, 2026 (GLOBE NEWSWIRE) -- ERAYAK Power Solution Group Inc. (Nasdaq: RAYA) (“Erayak” or “we,” “our,” or the “Company”), a manufacturer, designer, and exporter of power solution products, today announced that on March 25, 2026, its board of directors approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a one-for-ten basis (the “Reverse Stock Split”). The Company’s Class A Ordinary Shares will begin trading on the Nasdaq Stock Market LLC (“Nasdaq”) on a post-split basis on April 20, 2026 under the symbol “RAYA” under a new CUSIP number – G3109F129. As a result of the Reverse Stock Split, each ten (10) issued and outstanding Class A ordinary shares will be combined into one (1) Class A ordinary share and each ten (10) issued and outstanding Class B ordinary shares will be combined into one (1) Class B ordinary share, automatically and without any action by shareholders. The reverse split will result in a proportional increase i Show less Read more
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