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Orion Energy Systems, Inc. Announces 1-For-10 Reverse Stock Split
MANITOWOC, Wis., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle charging station and maintenance service solutions, announced today that its Board of Directors and shareholders approved a 1-for-10 reverse stock split of the Company’s common stock, no par value per share, which will be effective at 12:01 a.m., Central Time, on August 22, 2025 (the “Reverse Stock Split”). Orion’s common sto
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., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle charging station and maintenance service solutions, announced today that its Board of Directors and shareholders approved a 1-for-10 reverse stock split of the Company’s common stock, no par value per share, which will be effective at 12:01 a.m., Central Time, on August 22, 2025 (the “Reverse Stock Split”). Orion’s common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on August 22, 2025, under the Company’s existing trading symbol “OESX.”","length":666,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split is intended to increase the bid price of the Company’s common stock so that Orion can regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The new CUSIP number following the Reverse Stock Split will be 686275 207. The Company filed an Amendment to its Amended and Restated Articles of Incorporation with the Wisconsin Department of Financial Institutions on August 19, 2025 to effect the Reverse Stock Split.","length":507,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split will affect all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company, except to the extent that the Reverse Stock Split results in that shareholder owning a fractional share as described in more detail below.","length":284,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split will reduce the number of shares of common stock issued and outstanding from approximately 35.2 million to approximately 3.5 million. The total number of authorized shares of co...