 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. 