SEC Comment Letter 0000000000-22-012408 to Erayak Power Solution Group Inc. (RAYA)
Erayak Power Solution Group Inc.
Date: Nov. 15, 2022 · CIK: 0001825875 · Accession: 0000000000-22-012408
AI Filing Summary & Sentiment
File numbers found in text: 333-262292
Letter
United States securities and exchange commission logo November 15, 2022 Lingyi Kong Chief Executive Officer Erayak Power Solution Group Inc. No. 528, 4th Avenue Binhai Industrial Park Wenzhou, Zhejiang Province People's Republic of China 325025 Re:Erayak Power Solution Group Inc. Amendment No. 6 to Registration Statement on Form F-1 Filed October 27, 2022 File No. 333-262292 Dear Lingyi Kong: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Amendment No. 6 to Registration Statement on Form F-1 filed October 27, 2022 Risk Factors, page 22 1.We note recent instances of extreme stock price run-ups followed by rapid price declines and stock price volatility seemingly unrelated to company performance following a number of recent initial public offerings, particularly among companies with relatively smaller public floats. To the extent this is a material risk for an investor in this offering, please revise to include a separate risk factor addressing the potential for rapid and substantial price volatility and discuss the risks to investors when investing in stock where the price is changing rapidly. Clearly state that such volatility, including any stock-run up, may be unrelated to your actual or expected operating performance and financial
FirstName LastNameLingyi Kong Comapany NameErayak Power Solution Group Inc. November 15, 2022 Page 2 FirstName LastName Lingyi Kong Erayak Power Solution Group Inc. November 15, 2022 Page 2 condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of your stock. You may contact Heather Clark, Staff Accountant, at 202-551-3624 or Andrew Blume, Senior Accountant, at 202-551-3254 if you have questions regarding comments on the financial statements and related matters. Please contact Thomas Jones, Staff Attorney, at 202-551-3602 or Asia Timmons-Pierce, Special Counsel, at 202-551-3754 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: William S. Rosenstadt, Esq.
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United States securities and exchange commission logo
November 15, 2022
Lingyi Kong
Chief Executive Officer
Erayak Power Solution Group Inc.
No. 528, 4th Avenue
Binhai Industrial Park
Wenzhou, Zhejiang Province
People's Republic of China 325025
Re:Erayak Power Solution Group Inc.
Amendment No. 6 to Registration Statement on Form F-1
Filed October 27, 2022
File No. 333-262292
Dear Lingyi Kong:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Amendment No. 6 to Registration Statement on Form F-1 filed October 27, 2022
Risk Factors, page 22
1.We note recent instances of extreme stock price run-ups followed by rapid price declines
and stock price volatility seemingly unrelated to company performance following a
number of recent initial public offerings, particularly among companies with relatively
smaller public floats. To the extent this is a material risk for an investor in this offering,
please revise to include a separate risk factor addressing the potential for rapid and
substantial price volatility and discuss the risks to investors when investing in stock where
the price is changing rapidly. Clearly state that such volatility, including any stock-run up,
may be unrelated to your actual or expected operating performance and financial
FirstName LastNameLingyi Kong
Comapany NameErayak Power Solution Group Inc.
November 15, 2022 Page 2
FirstName LastName
Lingyi Kong
Erayak Power Solution Group Inc.
November 15, 2022
Page 2
condition or prospects, making it difficult for prospective investors to assess the rapidly
changing value of your stock.
You may contact Heather Clark, Staff Accountant, at 202-551-3624 or Andrew Blume,
Senior Accountant, at 202-551-3254 if you have questions regarding comments on the financial
statements and related matters. Please contact Thomas Jones, Staff Attorney, at 202-551-3602 or
Asia Timmons-Pierce, Special Counsel, at 202-551-3754 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing
cc: William S. Rosenstadt, Esq.