Business
Orion Announces Pricing of Public Offering of Common Stock
MANITOWOC, Wis., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced the pricing of its previously announced firmly underwritten public offering of 500,000 shares of its common stock at a price to public of $14.00 per share. The gross proceeds to Orion from the offering are expected to be approximately $7.0 million, bef
About this update from Orion Energy Systems, Inc.
[{"type":"image","alt":"Orion Energy Systems, Inc.","displaySize":"","headline":null,"caption":"Orion Energy Systems, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/fb135e41d9b57dcecf2f50f7218eb69b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QFafzL5LDzPoF7q2bCVLXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fb135e41d9b57dcecf2f50f7218eb69b","width":300,"height":300}},"lazy":false},{"type":"text","content":"MANITOWOC, Wis., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced the pricing of its previously announced firmly underwritten public offering of 500,000 shares of its common stock at a price to public of $14.00 per share. The gross proceeds to Orion from the offering are expected to be approximately $7.0 million, before deducting underwriting discounts and commissions and other offering expenses.","length":581,"tagName":"p"},{"type":"text","content":"Orion intends to use the net proceeds from the offering for reducing amounts outstanding under its existing credit agreement, with the remainder to be used for working capital and general corporate purposes.","length":207,"tagName":"p"},{"type":"text","content":"Craig-Hallum Capital Group LLC is acting as sole managing underwriter for the offering. The offering is expected to close on or about February 2, 2026, subject to customary closing conditions.","length":192,"tagName":"p"},{"type":"text","content":"A shelf registration statement on Form S-3 (333-270197) relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. The offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus. A copy of the final prospectus supplement, when available, and accompanying prospectus related to the offering can be obtained for free by visiting the Securities and Exchange Commission’s website at http://www.sec.gov or by contacting: Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 323 North Washington Ave., Suite 300, Minneapolis, MN 55401, by telephone at (612) ...