Ormat Announces Pricing of Upsized Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation

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Nov 17, 2022

RENO, Nev., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the pricing of an upsized underwritten secondary offering of 3,750,000 shares of its common stock on behalf of ORIX Corporation at a price of $90.00 per share. The offering is expected to close on November 21, 2022, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.