10:30 AM EDT, 05/20/2024 (MT Newswires) -- Orion Group Holdings ( ORN ) on Monday filed a registration statement covering the potential sale of up to $150 million of its securities.

The filing covers the potential sale of common stock, preferred stock, warrants and rights.

Net proceeds from the potential sale will be used for general corporate purposes, including working capital needs, capital expenditures, debt repayment and possible future acquisitions.

Shares of Orion Group ( ORN ) declined more than 1% in recent trading activity on Monday.

Price: 9.22, Change: -0.15, Percent Change: -1.60