ORION ENERGY SYSTEMS, INC. (OESX): Nasdaq/NYSE listing notice — 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.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

ORION ENERGY SYSTEMS, INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

March 20, 2025, the Company received a letter (the “Letter”) from the Staff notifying the Company that it is eligible for an additional 180 calendar day period from the date of the Letter, or until September 15, 2025 (the “Additional Compliance Period”) to regain compliance with the Bid Price Rule. Nasdaq’s determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the The Nasdaq Capital Market with the exception of the Bid Price Rule, and the Company’s written notice of

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Source: SEC EDGAR

accession 0000950170-25-043100

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