secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0000950170-24-108416
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024108416/0000950170-24-108416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024108416/oesx-20240920.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-108416

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