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Stock impact report

Orion Group Holdings Prices $25.0 Million Public Offering of Common Stock

Orion Group Holdings, Inc. Common (ORN) 
Last orion group holdings, inc. common earnings: 4/29 04:04 pm Check Earnings Report
Company Research Source: GlobeNewswire
HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, today announced that it has priced its previously announced underwritten public offering of 4,860,000 shares of its common stock at a public offering price of $5.15 per share. Orion expects the gross proceeds from this offering to be approximately $25.0 million, before deducting the underwriting discount and other estimated offering expenses. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include repayment of indebtedness under its credit agreement. In connection with the offering, Orion has granted the underwriters a 30-day option to purchase up to 729,000 additional shares of its common stock at the public offering price, less the underwriting discount. The Company expects to close the offering, subject to customary conditions, on or about September 12, Show less Read more
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