/PRNewswire/ Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital" or the "Company"), today announced the closing of its previously announced registered.
/PRNewswire/ Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital" or the "Company") today announced it has entered into a securities purchase agreement with.
Orbital Energy Group Launches Eclipse Foundation Group
Provides Specialized Drilling Services to Southern U.S.
News provided by
Share this article
Share this article
HOUSTON, Jan. 12, 2021 /PRNewswire/ Orbital Energy Group, Inc. (NASDAQ: OEG) ( Orbital Energy or the Company ) announced today the launch of a new subsidiary, Eclipse Foundation Group, a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh and rock terrains.
Headquartered in Baton Rouge, Louisiana, the Eclipse team is renowned for its expertise in successfully executing projects in difficult environments, such as water, marsh, or rock terrains. Eclipse utilizes amphibious equipment and vibratory caissons to construct up to 16-foot diameter shafts at depths greater than 80 ft in marshland and deeper waters, as well as working from
Share this article
Share this article
HOUSTON, Dec. 31, 2020 /PRNewswire/ Orbital Energy Group, Inc. (NASDAQ: OEG) ( Orbital or the Company ) today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,555,556 shares of its common stock, at a purchase price of $1.80 per share, in a registered direct offering. The closing of the offering is expected to occur on or about January 5, 2021, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-239914) previously filed with the U.S. Securities and Exchange Commission (the SEC ). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC s website located at http://www.sec.gov. Electronic copies of