Phio Pharmaceuticals Corp (PHIO)

[subslover]

OT: Did you read this huge PLUG release? Plug Power Closes $525 Million Secured Credit Facility with Yorkville Advisors
Plug to Hold First Quarter 2025 Earnings Call on May 12, 2025
SLINGERLANDS, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced the initial closing of its previously announced $525 million secured term loan facility with Yorkville Advisors. The initial tranche in an aggregate principal amount of $210 million was drawn and funded. Commensurate with establishing this facility, the company has retired $82.5 million in aggregate principal of the existing convertible debenture with Yorkville Advisors, which had approximately 55 million associated underlying shares given the conversion price, and therefore this refinancing has reduced potential dilution. The transaction enhances Plug’s liquidity position and provides the company with additional financial flexibility as it continues to scale its green hydrogen network and drive toward profitability.

“This financing provides meaningful capital to support Plug’s strategic priorities in 2025 and beyond,” said Andy Marsh, CEO of Plug. “We appreciate the confidence Yorkville has shown in our long-term vision and are pleased to have closed this deal under favorable terms for the company.”

Plug will provide further details during its upcoming first quarter 2025 earnings call.

Q1 2025 Earnings Conference Call Details:

Plug’s First Quarter 2025 results will be released on Monday, May 12, 2025.

Join the call

Time: 4:30 pm ET
Participant Dial-In: 877-407-9221 / [phone]
Webcast: https://event.webcasts.com/starthere.jsp?ei=1718659&tp_key=e4fec597b7
A live webcast will be available on the Plug Investor Relations website at https://www.ir.plugpower.com, and a playback will be available online for a period of time following the call.