Summary by Moomoo AI
Plug Power, a company listed on the Nasdaq Capital Market under the symbol 'PLUG', has filed a prospectus supplement on February 23, 2024, to update and amend its previous offering details. The company has entered into Amendment No. 1 with B. Riley Securities, increasing the aggregate offering price of common stock available for sale to $1,000,000,000. As of the filing date, Plug Power has sold 77,417,069 shares, totaling approximately $302,073,006, leaving around $697,926,994 worth of shares still available under the original agreement. The amendment also raises the daily and weekly caps on shares that can be sold on a principal basis to $11,000,000 and $55,000,000, respectively. These changes are part of an 'at the market offering' and are subject to certain conditions, including the company's market capitalization. B...Show More