Orion Energy Systems, Inc. Announces 1-For-10 Reverse Stock Split

Core Viewpoint - Orion Energy Systems, Inc. has announced a 1-for-10 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00 per share, effective August 22, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of shares from approximately 35.2 million to about 3.5 million, and the total authorized shares will decrease from 200 million to 20 million [3]. - Shareholders will not receive fractional shares; instead, they will receive a cash payment based on the closing price prior to the split [3]. - The reverse stock split will also adjust all outstanding options and similar securities proportionally [4]. Group 2: Shareholder Impact - The reverse stock split will affect all shareholders uniformly, maintaining their percentage ownership interest in the company, except for those receiving fractional shares [2]. - Equinity Trust Company, LLC will act as the exchange agent, providing instructions for shareholders with physical stock certificates [5]. Group 3: Company Overview - Orion Energy Systems specializes in energy-efficient solutions, including LED lighting and electric vehicle charging stations, focusing on large national customers and sustainability [6].