secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0000950170-24-042268
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024042268/0000950170-24-042268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024042268/oesx-20240405.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-042268

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