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Plug Power Inc. Announces Pricing of Public Offering of Common Stock at 2.54
July 19 2024 - 7:12AM

Yesterdays close 2.92, offer at 2.54, and now
cpps 2.46 as should be expected.




Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the pricing of its previously announced underwritten public offering of 78,740,157 shares of its common stock at a price to the public of $2.54 per share. The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions. In connection with the offering, Plug Power has granted the underwriters a 30-day option to purchase up to an additional 11,811,023 shares of common stock at the public offering price, less the underwriting discount.
The gross proceeds to Plug Power from the offering, before deducting the underwriting discount and other offering expenses payable by Plug Power, are expected to be approximately $200 million. Plug Power intends to use the net proceeds from the offering for general corporate purposes.