Plug Power Inc (PLUG)

[uksausage]

This from Stocktwits (I guess Roberto posted to facebook), so an audit contingency fund...

$PLUG notes from Roberto /IR
:
This facility, along with the existing ATM with B. Riley Securities, gives Plug additional optionality to ensure ready access to capital as needed, reinforcing its ability to drive long-term growth while maintaining a disciplined approach to liquidity management.
The intend is to NOT use this facility with Yorkville, but was put in place solely for liquidity planning analysis for our auditors.
With recent market news with the broker executing our ATM, Plug now as additional optionality to ensure ready access to capital as needed, reinforcing Plug’s ability to drive long-term growth while maintaining a disciplined approach to liquidity management.
Cash burn continue to improve, with Q4 of 2024 likely the best quarter in 2024 regarding cash burn; Plug also has more programs we are deploying to continue improving and lowering cash burn.

Q4 number better be a shock in a nice way