Plug Power (PLUG) Prices 30.675M Share Common Offering at $10.25/Sh
Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced the pricing of the previously announced offering of 30,675,000 shares of its common stock at a price to the public of $10.25 per share. Plug Power has granted the underwriters a 30-day option to purchase up to an additional 4,601,250 shares at the public offering price, less the underwriting discount. The offering is expected to close on or about August 14, 2020, subject to satisfaction of customary closing conditions. Morgan Stanley is acting as sole book-running manager and Barclays, Roth Capital Partners, Craig-Hallum Capital Group and H.C. Wainwright are acting as co-managers.
