Plug Power Inc. (Plug Power) has announced the potential resale of up to 125,000,000 shares of its common stock by a selling stockholder. The shares are issuable in connection with an unsecured convertible debenture with an aggregate principal amount of $200.0 million. The debenture will be issued in a private placement to the selling stockholder, relying on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. The registration of the offer and sale of the shares does not necessarily indicate that the selling stockholder will sell any or all of the shares. The common stock may be sold through various methods, including underwriters, broker-dealers, or agents, in public or private transactions, and at fixed or negotiated prices. The...Show More

Plug Power Inc. (Plug Power) has announced the potential resale of up to 125,000,000 shares of its common stock by a selling stockholder. The shares are issuable in connection with an unsecured convertible debenture with an aggregate principal amount of $200.0 million. The debenture will be issued in a private placement to the selling stockholder, relying on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. The registration of the offer and sale of the shares does not necessarily indicate that the selling stockholder will sell any or all of the shares. The common stock may be sold through various methods, including underwriters, broker-dealers, or agents, in public or private transactions, and at fixed or negotiated prices. The selling stockholder is responsible for any underwriting discounts or commissions. The timing and amount of any sale are at the discretion of the selling stockholder. Plug Power will not receive any proceeds from the sale of common stock by the selling stockholder. The company's common stock is listed on the Nasdaq Capital Market under the symbol 'PLUG'. As of November 11, 2024, the last reported sale price of Plug Power's common stock was $1.99. Investing in the securities involves a high degree of risk, and potential investors should review the 'Risk Factors' section beginning on page S-2 of the prospectus supplement. The date of the prospectus supplement is November 12, 2024.