---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-073827"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:41:48.705569+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ORIX to sell 3.75M shares of Ormat common at $90 each in secondary offering

## Summary
- ORIX sells 3,750,000 shares at $90/share; underwriters have 30-day option for 562,500 more.
- Ormat receives no proceeds; all shares sold by ORIX; offering closes ~Nov 21, 2022.
- ORIX enters 180-day lock-up; amendment to registration rights agreement filed with SEC.
- Company must file shelf registration or supplement to facilitate ORIX resales after lock-up.
- ORIX can request underwritten takedowns of at least $100M; two demand rights, third if company participates.

## SEC filing metadata
- accession: 0001213900-22-073827
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000121390022073827/0001213900-22-073827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000121390022073827/ea168881-8k_ormattec.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-073827
- JSON: https://secwatch.observer/filing/0001213900-22-073827.json
- Plain text: https://secwatch.observer/filing/0001213900-22-073827.txt

## Key facts
- Material Agreements
  ORMAT TECHNOLOGIES, INC. entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein and ORIX Corporation (effective 2022-11-16).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein and ORIX Corporation
  - Effective: 2022-11-16
  source text: On November 16, 2022, Ormat Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein (the “Underwriters”) and ORIX Corporation (“ORIX”) in connection with a public underwritten offering (the “Offering”), pursuant to which ORIX agreed to sell 3,750,000 shares (the “Underwritten Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at an offering price of $90.00 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000121390022073827/0001213900-22-073827-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.