other material
confidence high
sentiment neutral
materiality 0.75
Orion Group prices $25M public offering of 5.589M shares at $5.15; net proceeds ~$26.5M
Orion Group Holdings Inc
- Offering of 4.86M shares at $5.15; underwriters exercised option for 729k additional shares.
- Gross proceeds ~$25M; net proceeds ~$26.5M after underwriting discounts and expenses.
- Proceeds to be used for working capital, general corporate purposes, and repayment of credit facility borrowings.
- Craig-Hallum Capital Group acted as sole bookrunner; Roth Capital Partners as co-manager.
- Closing expected on or about September 12, 2024, subject to customary conditions.