27.02.15

Orion Energy Systems: Offering of Common Stock completed

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

MANITOWOC - Orion Energy Systems, Inc. (NYSE MKT: OESX), a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced the completion of an underwritten public offering of 5,462,500 shares of its common stock at a purchase price of $3.50 per share. The offering includes the exercise in full of the underwriter's over-allotment option to purchase an additional 712,500 shares of common stock. The net proceeds to the Company from this offering were approximately $17.5 million, after deducting underwriting discounts and other estimated offering expenses.

Orion expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to pursuing acquisitions, expanding its LED lighting business and supporting its working capital needs.

In connection with the offering, Craig-Hallum Capital Group LLC acted as sole managing underwriter.

About Orion Energy Systems

Orion is leading the transformation of commercial and industrial buildings with state-of-the-art energy efficient lighting systems. Orion manufactures and markets a cutting edge portfolio of products encompassing LED Solid-State Lighting and high intensity fluorescent lighting. Many of Orion's 100+ granted patents and pending patent applications relate to lighting systems that provide exceptional optical and thermal performance, which drive financial, environmental, and work-space benefits for a wide variety of customers in the retrofit markets.
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x