Summary by Futu AI
Plug Power, a company listed on the Nasdaq Capital Market under the symbol 'PLUG', has filed Prospectus Supplement No. 2, updating and amending previous offerings related to its common stock. The company has entered into Amendment No. 2 with B. Riley Securities, increasing the aggregate gross sales price of shares it may offer and sell to $1,000,000,000. As of the filing date, Plug Power has sold 219,835,221 shares at an aggregate gross sales price of approximately $677,245,001, with about $624,828,005 worth of shares still available for sale under the agreement. The amendment also allows Plug Power to direct B. Riley Securities to purchase up to $11,000,000 of shares on any trading day, with a weekly cap of $55,000,000, subject to market capitalization conditions. The offering is set to terminate at the end of 2025 or when all shares are sold. B. Riley Securities will act as an underwriter and receive commissions for their services, and they have provided various financial services to Plug Power in the past.