Certain Common Stock of Ormat Technologies, Inc. are subject to a Lock-Up Agreement Ending on 17-DEC-2022.
December 16, 2022
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Certain Common Stock of Ormat Technologies, Inc. are subject to a Lock-Up Agreement Ending on 17-DEC-2022. These Common Stock will be under lockup for 31 days starting from 16-NOV-2022 to 17-DEC-2022.
Details:
Directors, executive officers and the selling stockholder (such persons, the ôlock-up partiesö), have entered into lock-up agreements with the underwriters prior to the commencement of this offering pursuant to which each lock-up party, with limited exceptions, for a period of 30 days in the case of directors and executive officers and 180 days in the case of the selling stockholder after the date of this prospectus (such period, the ôrestricted periodö), may not (and may not cause any of their direct or indirect affiliates to), without the prior written consent of BofA Securities, Inc. and J.P. Morgan Securities LLC.
Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company 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. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.
ORMAT TECHNOLOGIES, INC. 
