---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-042268"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:44:09.615197+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Energy receives Nasdaq delisting notice for bid price non-compliance

## Summary
- Nasdaq notified Orion that its stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
- Company has 180 days (until Oct 2, 2024) to regain compliance by closing bid price >=$1.00 for 10 consecutive days.
- This is the second such notice; Orion regained compliance in Jan 2024 after a similar notice in Dec 2023.
- Orion expects FY2024 revenue of $90-$95M and targets 10-15% YoY growth in FY2025 to support compliance.

## SEC filing metadata
- accession: 0000950170-24-042268
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409375/000095017024042268/0000950170-24-042268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017024042268/oesx-20240405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042268
- JSON: https://secwatch.observer/filing/0000950170-24-042268.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042268.txt

## Key facts
- Listing & Compliance Notices
  ORION ENERGY SYSTEMS, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: April 5, 2024, Orion Energy Systems, Inc. (the “Company”) received written notice (the “Notification Letter”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing on The Nasdaq Capital Market. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017024042268/0000950170-24-042268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.