secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001213900-22-073827
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000121390022073827/0001213900-22-073827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000121390022073827/ea168881-8k_ormattec.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-073827

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