See if this helps today?
$Plug Power(PLUG.US$ In an exchange filing, the company said it issued $140.396 million in aggregate principal amount of its 7% convertible senior notes due 2026 under an indenture dated March 20, 2024, between the company and Wilmington Trust, National Association, as trustee.
The new notes were issued in exchange for $138.816 million in aggregate principal amount of the company's 3.75% convertible senior notes due 2025.
Following the closing of the exchange transactions, approximately $58.5 million in aggregate principal amount of 2025 notes remain outstanding with terms unchanged.
The initial conversion rate for the new notes will be 235.40 shares of common stock per $1,000 principal amount of new notes, which represents an initial conversion price of approximately $4.25 per share of common stock and is subject to adjustment upon the occurrence of certain specified events as set forth in the indenture.
The new notes will mature on June 1, 2026, unless earlier converted, redeemed or repurchased in accordance with their terms.
The new notes were issued in exchange for $138.816 million in aggregate principal amount of the company's 3.75% convertible senior notes due 2025.
Following the closing of the exchange transactions, approximately $58.5 million in aggregate principal amount of 2025 notes remain outstanding with terms unchanged.
The initial conversion rate for the new notes will be 235.40 shares of common stock per $1,000 principal amount of new notes, which represents an initial conversion price of approximately $4.25 per share of common stock and is subject to adjustment upon the occurrence of certain specified events as set forth in the indenture.
The new notes will mature on June 1, 2026, unless earlier converted, redeemed or repurchased in accordance with their terms.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
LDG_Jeff : Buy opportunity?
TrytosaveabitOP LDG_Jeff: Could be? But I will wait until after MO to see what kind of interest and liquidity it gets before I decide. GL
Newbee4 TrytosaveabitOP: I watched this yesterday and it was pretty brutal
TrytosaveabitOP Newbee4: Yup! Been on a few day downward march! Hehehe
Newbee4 TrytosaveabitOP: It does that barcode thing alot. Not sure what that means, but I see it alot
TrytosaveabitOP Newbee4: Barcode = Consolidation
Newbee4 TrytosaveabitOP: oh
thx again
买跌不追涨 : Maybe it will go to 3
TrytosaveabitOP 买跌不追涨: Maybe?