New Issue: Ormat Technologies sells $33.31 million of stock in unregistered sale

By Devika Patel

Knoxville, Tenn., Jan. 9 - Ormat Technologies, Inc. settled a $33.31 million unregistered sale of stock.

The company sold 693,750 common shares at $48.02 per share to its parent company, Ormat Industries Ltd.

Proceeds will be used for general corporate purposes.

Ormat Technologies is a geothermal and recovered energy power company based in Reno, Nev.

Issuer:	Ormat Technologies, Inc.
Issue:	Stock
Amount:	$33,313,875
Shares:	693,750
Price:	$48.02
Warrants:	No
Investor:	Ormat Industries Ltd.
Settlement date:	Jan. 9
Stock symbol:	NYSE: ORA
Stock price:	$54.46 at close Jan. 8

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