{"id":689,"date":"2007-10-24T09:32:23","date_gmt":"2007-10-24T16:32:23","guid":{"rendered":"http:\/\/montaraventures.com\/blog\/2007\/10\/24\/ormat-announces-secondary-offering\/"},"modified":"2007-10-24T09:32:23","modified_gmt":"2007-10-24T16:32:23","slug":"ormat-announces-secondary-offering","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/blog\/2007\/10\/24\/ormat-announces-secondary-offering\/","title":{"rendered":"Ormat announces secondary offering"},"content":{"rendered":"<p><a href=\"https:\/\/www.ormat.com\/\" target=\"_blank\" >Ormat<\/a>, the largest &#8220;pure play&#8221; geothermal company in the US, yesterday announced that it would place 3 million shares on the public market. This will increase Ormat&#8217;s outstanding shares to 41.13M and effectively dilutes current shareholders by 7.8%. Unsurprisingly, the stock price dropped yesterday nearly that same percentage and seems to be creeping up incrementally today. This move should raise over $140M (less underwriter&#8217;s fees) to be used for general corporate purposes including paying down debt levels, exploration, and new geothermal plant development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ormat, the largest &#8220;pure play&#8221; geothermal company in the US, yesterday announced that it would place 3 million shares on the public market. This will increase Ormat&#8217;s outstanding shares to 41.13M and effectively dilutes current shareholders by 7.8%. Unsurprisingly, the stock price dropped yesterday nearly that same percentage and seems to be creeping up incrementally [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18],"tags":[],"_links":{"self":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/689"}],"collection":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":0,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}