Replies to post #54984 on Plug Power Inc (PLUG)

[Jack_Bolander]

Fuzzy - A perpetual option and a perpetual derivative which must be priced quarterly in PLUG'S financials.

There is a cost for these and the cost is borne by PLUG.

A great deal ..... For Amazon !

[WeTheMarket]

TF, you are asking the wrong person. As I stated in my previous post, the Amazon warrant deal is very confusing to me.

[B_B!]

The exercise price for the first 9 million Warrant Shares is $22.9841 per share, which is based on the volume weighted average closing price (VWAP) of Plug common stock for the 30 trading days ending August 23, 2022 (30 days prior to the Plug – Amazon deal on August 24, 2022).

The exercise price for the remaining 7 million Warrant Shares will be an amount per share equal to 90% of the 30-day volume weighted average share price of Plug common stock as of the final vesting event that results in full vesting of the first 9 million Amazon Warrant Shares.

If Amazon spends enough to qualify for the first 9 million warrants, the exercise price for the remaining 7 million warrants will be calculated (90% of 30 days VWAP till vesting). The lower the share price (at that moment), the better it is for Amazon. Amazon will get a low exercise price for the remaining 7 million warrants.