ORIX to sell 3.7M Ormat shares at $76.20 in secondary offering; Ormat gets no proceeds

ORMAT TECHNOLOGIES, INC.

ORIX Corporation sells 3,700,000 shares of Ormat common stock at $76.20 per share; underwriter option for 555,000 additional shares.
Ormat receives no proceeds; all shares sold by ORIX under underwriting agreement with Goldman Sachs & Co. LLC.
Offering expected to close on or about December 13, 2024, subject to customary conditions.
Underwritten shares represent approximately 6% of Ormat's outstanding common stock.
Underwriter granted 30-day option to purchase up to 555,000 additional shares from ORIX.

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