Orbital Infrastructure Group Stock Price, News & Analysis

Orbital Infrastructure Group, Inc. (NASDAQ: OIG), formerly known as CUI Global, Inc., is a diversified infrastructure services platform headquartered in Houston, Texas. Founded in 1998, the company specializes in engineering, design, construction, and maintenance services across three key segments: electric power, telecommunications, and renewables. With a robust presence in both the United States and the United Kingdom, Orbital Infrastructure Group is a pivotal player in the industrial sector.

The company's extensive portfolio includes the design, installation, and commissioning of industrial gas sampling, measurement, and delivery systems for the energy, power, and processing markets. Additionally, Orbital Infrastructure Group offers comprehensive engineering, procurement, and construction (EPC) services to the renewable energy industry. Their solutions encompass everything from initial design and engineering to ongoing maintenance and emergency response, ensuring clients receive seamless and reliable service.

In recent news, the company announced on August 23, 2023, that it had received a delinquency notice from Nasdaq due to its failure to file a timely quarterly report for the period ending June 30, 2023. This, coupled with prior notifications regarding its market value, has led to a potential delisting from Nasdaq. Additionally, the company and several of its subsidiaries have filed for Chapter 11 bankruptcy, a strategic move to facilitate the sale of its profitable units—Front Line Power Construction and Gibson Technical Services—under Section 363 of the Bankruptcy Code.

Despite these challenges, Orbital Infrastructure Group remains committed to its mission. The company has secured debtor-in-possession (DIP) financing agreements designed to provide the necessary liquidity to operate during the Chapter 11 proceedings. This funding will enable the company to continue its operations while navigating the complexities of the bankruptcy process and securing the sale of key assets.

Orbital Infrastructure Group's commitment to innovation and operational excellence has earned it a reputation for reliability and quality. Their partnerships and projects span across various sectors, contributing significantly to the infrastructure and energy landscapes. For more information, visit their website at Orbital Infrastructure Group, Inc.