Orion Energy Systems (OESX) Registration Filing summary

Company overview and business model

• Provides energy-efficient LED lighting, controls, maintenance services, and electric vehicle charging solutions for commercial and industrial markets, with a focus on sustainability and carbon footprint reduction.

• Operates in four business segments: Distribution Services, Services Group, U.S. Markets, and Electric Vehicle Charging.

• Principal customers include large national accounts, electrical distributors, contractors, municipalities, and commercial entities, with most sales in North America.

• Manufactures lighting products at a leased facility in Wisconsin and sources EV charging products from third parties.

Financial performance and metrics

• As of March 6, 2026, public float was $71.2 million, based on 3,878,734 shares held by non-affiliates at $18.36 per share.

• Sold $7.0 million in securities in the prior 12 months under Form S-3.

Use of proceeds and capital allocation

• Net proceeds intended for working capital and general corporate purposes, including sales, marketing, administrative expenses, capital expenditures, and potential acquisitions or investments in new businesses, products, or technologies.

• Pending use, proceeds may be temporarily invested in short-term investments.