Orion Group Holdings Inc.

07/02/2024 | Press release | Distributed by Public on 07/02/2024 15:30

Material Agreement Form 8 K

Item 1.01Entry into a Material Definitive Agreement.

Land Purchase and Sale Agreement

On July 2, 2024, a subsidiary of Orion Group Holdings, Inc. (the "Company") entered into a Purchase and Sale Agreement with Capital Development Partners Acquisitions, LLC, a Georgia limited liability company, who, subject to customary due diligence and closing conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres) known as the East and West Jones property. The purchase price is approximately $30.5 million, and closing is anticipated to occur on or before September 30, 2024.

The foregoing description of the Purchase and Sale Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Purchase and Sale Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.