Orion Energy Systems, Inc. Announces 1-For-10 Reverse Stock Split
1. Orion Energy approved a 1-for-10 reverse stock split effective August 22, 2025. 2. The split aims to raise stock price above $1 for NASDAQ compliance. 3. Outstanding shares will decrease from 35.2 million to 3.5 million. 4. Shareholders' ownership percentages remain unchanged with cash for fractional shares. 5. Proportional adjustments will be made to outstanding options and other securities.