Erayak Power Solution Group Inc. (RAYA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 5999.34% of current shares
Recent Dilution: 266.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
850K
Potential Supply
51M
Additional shares possible
Splits
None
Past 2 years

Summary

RAYA currently has 854K outstanding shares. with significant dilution risk as 51.2M authorized shares could dilute existing holders by 5999.3%. The company has significantly diluted shareholders by 266.94% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

20-F filing | 0.9M shares outstanding

850K 51M
Apr 23, 2025

20-F filing | 44.0M shares outstanding

44M 51M
Aug 01, 2024

F-3 filing: Resale of 48,000,000 Class A ordinary shares by selling shareholders, including shares issuable upon exercise of warrants.

12M 51M
Apr 16, 2024

20-F filing | 12.0M shares outstanding

12M 3.2M
Mar 28, 2024

F-3 filing: Erayak Power Solution Group Inc. is filing an F-3 to register the potential sale of up to $100,000,000 in aggregate of Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units.

11M 3.2M
May 15, 2023

20-F filing | 11.5M shares outstanding

11M 3.2M
Jan 21, 2022

F-1 filing: Erayak Power Solution Group Inc. is offering 3,000,000 Class A ordinary shares at a price of $5.00 per share.

8M 3.2M
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