IPO - PLUG POWER INC

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Ipo

Type: New

Accession Number: 000110465925025700

Filing Summary: On March 19, 2025, Plug Power Inc. entered into an underwriting agreement with Oppenheimer & Co. Inc. to issue and sell 46,500,000 shares of common stock and pre-funded warrants. The offering price is set at $1.51 per share combined with a warrant, and $1.509 for each pre-funded warrant combined with an accompanying warrant. The net proceeds from the offering are estimated to be approximately $267 million, intended for working capital and general corporate purposes. The closing is expected around March 20, 2025, with the common warrants having an exercise price of $2.00 and pre-funded warrants priced at $0.001, immediately exercisable. The underwriting agreement includes standard conditions and representations from both parties, and various exhibits related to the agreement and warrants are attached.

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