Orion Energy Systems, Inc. Announces 1-For-10 Reverse Stock Split
1. OESX approved a 1-for-10 reverse stock split, effective August 22, 2025. 2. The split aims to meet Nasdaq's minimum bid price of $1.00. 3. Outstanding shares will decrease from approximately 35.2 million to 3.5 million. 4. Total authorized shares will reduce from 200 million to 20 million. 5. No fractional shares will be created; cash payments provided instead.