Erayak Power Solution Group Incorporation Class A (RAYA) has released an update.
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Erayak Power Solution Group Inc. has issued a purchase warrant for its Class A ordinary shares, which allows warrant holders to buy shares at a set price of $0.50, either in full or partially, before a specified termination date in 2027. The warrant includes provisions for cashless exercises, where shares can be acquired without upfront cash payment, based on a formula involving the share’s closing price. The process is designed to be efficient, with electronic delivery of shares through the DWAC system, and includes penalties for the company if it fails to deliver shares on time.
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