Plug Power (PLUG) Underwirters Exercise 1.95M Over-Allotment Option in Common Offering

Plug Power Inc. (Nasdaq: PLUG) today announced that it has completed the sale of 1,950,000 additional shares of common stock, pursuant to the underwriter's exercise of its over-allotment option in connection with Plug Power's recently announced public offering, resulting in additional net proceeds to Plug Power of $2,085,525 after underwriting discounts and commissions and other offering expenses. Plug Power intends to use the net proceeds of the offering for general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, commercial expenditures, acquisitions of new technologies or businesses that are complementary to its current technologies or business focus, and investments.

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