Orion Energy Systems Announces 1-for-10 Reverse Stock Split to Regain Nasdaq Compliance.

Orion Energy Systems has announced a 1-for-10 reverse stock split, effective on August 22, 2025. The move aims to increase the bid price of the company's common stock to regain compliance with Nasdaq's listing requirements. After the split, Orion's common stock will continue to trade on the Nasdaq Capital Market under the symbol "OESX."

Orion Energy Systems, Inc. (NASDAQ: OESX), a leading provider of energy-efficient LED lighting, electric vehicle charging station, and maintenance service solutions, has announced a 1-for-10 reverse stock split. The reverse stock split, which will be effective on August 22, 2025, aims to increase the bid price of the company's common stock to regain compliance with Nasdaq's listing requirements [1][2][3].

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. Concurrently, the total number of authorized shares of common stock will be reduced proportionally from 200 million to 20 million. No fractional shares will be issued in connection with the reverse stock split. Instead, shareholders entitled to fractional shares will receive a cash payment equal to the product of the closing price on the day immediately prior to the effectiveness of the reverse stock split and the amount of the fractional share [1][2][3].

The reverse stock split will also result in proportional adjustments being made to all outstanding options, restricted stock, performance shares, or similar securities entitling their holders to receive or purchase shares of the company's common stock. Orion Energy Systems has filed an Amendment to its Amended and Restated Articles of Incorporation with the Wisconsin Department of Financial Institutions to effect the reverse stock split [1][2][3].

Orion Energy Systems will continue to trade on the Nasdaq Capital Market under the symbol "OESX" following the reverse stock split. The company's transfer agent, Equinity Trust Company, LLC, will act as the exchange agent for the reverse stock split and provide instructions to shareholders with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares into "book-entry form" [1][2][3].

The reverse stock split is a strategic move by Orion Energy Systems to address the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market. The company's commitment to sustainability and energy efficiency solutions remains unchanged, and it continues to focus on providing turnkey design-through-installation solutions for large national customers [1][2][3].

References:
[1] https://finance.yahoo.com/news/orion-energy-systems-inc-announces-201500745.html
[2] https://seekingalpha.com/news/4487206-orion-energy-systems-announces-1-for-10-reverse-stock-split
[3] https://www.globenewswire.com/news-release/2025/08/19/3136031/0/en/Orion-Energy-Systems-Inc-Announces-1-For-10-Reverse-Stock-Split.html