Erayak Power Solution Group Inc. (RAYA) AI Dilution Summary

Cash was $436,788 at 2025-12-31 against estimated monthly burn of $263,847. The funding channel is the active ATM program with Craft Capital Management LLC, authorised to $20,000,000, through which 124,746 shares were sold since the program began through 2026-03-31; sales after 2026-03-31 are not yet reported. The most recent capital raised was $139,050 in a private placement closed 2026-05-28.