share_log

Plug Power | 8-K: Amendment No. 1 to the Market Offering and Sale Agreement

SEC announcement ·  Feb 23 17:36
Summary by Moomoo AI
On February 23, 2024, Plug Power Inc. amended its existing At Market Issuance Sales Agreement with B. Riley Securities, Inc., increasing the aggregate offering price of shares available for sale to $1 billion. This amendment follows the initial agreement made on January 17, 2024, which allowed Plug Power to sell shares through B. Riley. As of the amendment date, Plug Power had sold over 77 million shares, totaling approximately $302 million. The amendment also raises the daily and weekly caps on shares B. Riley can purchase as principal. The terms are contingent on Plug Power's market capitalization remaining above or falling below $1 billion after June 1, 2024. B. Riley receives a commission for sales and purchases and is indemnified by Plug Power, which also covers specific expenses. The shares are issued under Plug Power's automatic shelf registration statement and prospectus supplements filed with the SEC. Additionally, the company corrected a filing error regarding the registration number in a prospectus supplement.
On February 23, 2024, Plug Power Inc. amended its existing At Market Issuance Sales Agreement with B. Riley Securities, Inc., increasing the aggregate offering price of shares available for sale to $1 billion. This amendment follows the initial agreement made on January 17, 2024, which allowed Plug Power to sell shares through B. Riley. As of the amendment date, Plug Power had sold over 77 million shares, totaling approximately $302 million. The amendment also raises the daily and weekly caps on shares B. Riley can purchase as principal. The terms are contingent on Plug Power's market capitalization remaining above or falling below $1 billion after June 1, 2024. B. Riley receives a commission for sales and purchases and is indemnified by Plug Power, which also covers specific expenses. The shares are issued under Plug Power's automatic shelf registration statement and prospectus supplements filed with the SEC. Additionally, the company corrected a filing error regarding the registration number in a prospectus supplement.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more