Orion Energy Systems receives Nasdaq bid price deficiency notice; 180-day cure period

ORION ENERGY SYSTEMS, INC.

Received Nasdaq notice on Sept 20, 2024 for failing to maintain $1.00 minimum bid price for 30 consecutive business days.
Given 180 calendar days, until March 19, 2025, to regain compliance by closing above $1.00 for 10 consecutive business days.
If not cured, may qualify for additional 180-day period if meets initial listing criteria and intends to cure (e.g., reverse stock split).
Company highlights fiscal 2025 Q1 revenue growth of 13% YoY and targeting 10-15% growth for full year.
Stock continues to trade on Nasdaq Capital Market under symbol OESX; no immediate impact on listing.

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