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Orion Announces Pricing of Public Offering of Common Stock

OESX
  • Orion Energy Systems, Inc. priced its firmly underwritten public offering of 500,000 common stock shares at $14.00 per share.
  • Gross proceeds from the offering are expected to be approximately $7.0 million before deducting underwriting discounts, commissions, and other expenses.
  • Orion intends to use net proceeds to reduce amounts outstanding under its existing credit agreement, with remaining funds allocated to working capital and general corporate purposes.
  • Craig-Hallum Capital Group LLC is acting as the sole managing underwriter for the transaction.
  • The offering is expected to close on or about February 2, 2026, subject to customary closing conditions.
  • A shelf registration statement on Form S-3 relating to these securities has been filed with the SEC and declared effective.