Orion Group Holdings, Inc. Announces Public Offering of Common Stock

HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) —

Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, has revealed its plans to offer and sell shares of its common stock in an underwritten public offering. The Company also intends to grant the underwriter a 30-day option to purchase additional shares of common stock offered in the public offering. However, the completion and final terms of the offering are dependent on market conditions and are not guaranteed.

The net proceeds from this offering will be utilized by the Company for working capital and general corporate purposes, potentially including the repayment of indebtedness under its credit agreement.

Impact on Individuals:

As an individual investor, this announcement may present an opportunity to potentially invest in Orion Group Holdings, Inc. through purchasing shares of its common stock. It is essential to carefully evaluate the risks and benefits associated with such an investment before making any decisions.

Global Implications:

The decision of Orion Group Holdings, Inc. to conduct a public offering of its common stock can have broader implications for the global market. It indicates the company’s strategies for growth and expansion, and the utilization of proceeds for working capital could potentially fuel the company’s operations on a larger scale.

Conclusion:

Orion Group Holdings, Inc.’s public offering of common stock signifies a significant development in the company’s financial strategy. Whether you are an individual investor considering this opportunity or assessing its global impact, it is essential to stay informed about the progress and outcomes of this offering.