Orion Energy Systems announces 1-for-10 reverse stock split

* Orion Energy Systems (NASDAQ:OESX [https://seekingalpha.com/symbol/OESX]) said on Tuesday that its board and shareholders approved a 1-for-10 reverse stock split [https://seekingalpha.com/pr/20205832-orion-energy-systems-inc-announces-1-forminus-10-reverse-stock-split]of the company’s common stock.
* 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.”
* 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 reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 35.2M to approximately 3.5M.
* The total number of authorized shares of common stock will also be reduced proportionally from 200M to 20M. No fractional shares will be issued in connection with the reverse stock split.

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