Ormat: ORIX to sell 3,700,000 shares in underwritten offering priced at $76.20
On December 11, 2024, Ormat entered into an underwriting agreement with Goldman Sachs & Co. LLC and ORIX Corporation for a secondary offering of 3,700,000 shares of Ormat common stock, at an initial price of $76.20 per share. Ormat issued no new shares and receives no proceeds, so the sale is by an existing shareholder rather than a capital raise by the company. The offering is expected to close on or about December 13, 2024.
Key points
- ORIX agreed to sell 3,700,000 Ormat common shares at an initial offering price of $76.20 per share.
- Goldman Sachs & Co. LLC is the underwriter; the underwriter holds a 30-day option to buy 555,000 additional shares from ORIX.
- Ormat did not issue any new shares and received no proceeds from the offering.
- The offering is expected to close on or about December 13, 2024, subject to customary closing conditions.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 13, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.