regulatory
confidence high
sentiment negative
materiality 0.70
OESX granted 180-day extension to meet Nasdaq $1 minimum bid price rule
ORION ENERGY SYSTEMS, INC.
- Nasdaq granted Orion Energy an additional 180-day compliance period until September 15, 2025.
- Initial deadline of March 19, 2025, was missed; company requested extension on that date.
- Orion intends to implement a reverse stock split if necessary to cure the bid price deficiency.
- To regain compliance, stock must close at $1.00 or higher for at least 10 consecutive trading days.
- If not compliant by Sept 15, 2025, Nasdaq will issue a delisting notice, subject to appeal.