Ormat Announces Launch of Public Offering of Common Stock
14 Março 2023 - 5:12PM
Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading
geothermal, energy storage, solar PV and recovered energy power
company, announced today the launch of an underwritten public
offering of 3,600,000 shares of its common stock. The underwriter
will have a 30-day option to purchase up to an additional 540,000
shares of its common stock.
Ormat intends to use the net proceeds from the
offering for general corporate purposes, including working capital
and capital expenditures, and for potential acquisitions, including
complementary businesses, technologies or assets.
Goldman Sachs & Co. LLC is acting as the
sole book-running manager for the offering. The offering is subject
to market and other conditions, and there can be no assurance as to
whether or when the offering may be completed.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state or other jurisdiction.
The offering is being made pursuant to an
automatically effective shelf registration statement on Form S-3
filed with the U.S. Securities and Exchange Commission on November
16, 2020. The offering may be made only by means of a base
prospectus and a related prospectus supplement, copies of which may
be obtained by contacting Goldman Sachs & Co. LLC, Prospectus
Department, 200 West Street, New York, NY 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com.
ABOUT ORMAT TECHNOLOGIES
With over five decades of experience, Ormat
Technologies, Inc. is a leading geothermal company and the only
vertically integrated company engaged in geothermal and recovered
energy generation (“REG”), with robust plans to accelerate
long-term growth in the energy storage market and to establish a
leading position in the U.S. energy storage market. Ormat owns,
operates, designs, manufactures and sells geothermal and REG power
plants primarily based on the Ormat Energy Converter – a power
generation unit that converts low-, medium- and high-temperature
heat into electricity. Ormat has engineered, manufactured and
constructed power plants, which it currently owns or has installed
for utilities and developers worldwide, totaling approximately
3,200 MW of gross capacity. Ormat leveraged its core capabilities
in the geothermal and REG industries and its global presence to
expand its activity into energy storage services, solar
Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current
total generating portfolio is 1,158 MW with a 1,070 MW geothermal
and solar generation portfolio that is spread globally in the U.S.,
Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and an 88 MW
energy storage portfolio that is located in the U.S.
FORWARD-LOOKING STATEMENTS
Information provided in this press release may
contain statements relating to current expectations, estimates,
forecasts and projections about future events that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include statements concerning the completion of the offering and
the use of proceeds therefrom. Actual future results may differ
materially from those projected as a result of certain risks and
uncertainties and other risks described under "Risk Factors" as
described in Ormat’s annual report on Form 10-K filed with the
Securities and Exchange Commission (“SEC”) on February 24, 2023,
and in Ormat’s subsequent quarterly reports on Form 10-Q and annual
reports on Form 10-K that are filed from time to time with the
SEC.
These forward-looking statements are made only
as of the date hereof, and, except as legally required, Ormat
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Ormat Technologies Contact:Smadar LaviVP Head of IR and ESG
Planning & Reporting 775-356-9029 (ext.
65726)slavi@ormat.com |
|
Investor Relations Agency Contact:Sam Cohen or Joseph CaminitiAlpha
IR Group312-445-2870ORA@alpha-ir.com |
Ormat Technologies (NYSE:ORA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Ormat Technologies (NYSE:ORA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024