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Orion Group Holdings ( (ORN) ) has provided an announcement.
Orion Group Holdings, Inc. has launched a public offering of 4,860,000 shares of common stock at $5.15 each, with an additional 729,000 shares purchased by underwriters, leading to expected net proceeds of approximately $26.5 million. The funds are earmarked for corporate purposes, including working capital and debt repayment. The offering, executed under an effective shelf registration, is anticipated to close by September 12, 2024, subject to standard conditions.
See more insights into ORN stock on TipRanks’ Stock Analysis page.