Plug Power (PLUG) Announces $750M Proposed Public Offering of Common Stock

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Go back to Plug Power (PLUG) Announces $750M Proposed Public Offering of Common Stock

Plug Power Inc. Announces Proposed Public Offering of Common Stock

November 16, 2020 4:01 PM EST

LATHAM, N.Y., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (Plug Power) (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it is commencing a registered public offering of $750,000,000 of its common stock. In connection with the offering, Plug Power intends to grant the underwriter a 30-day option to purchase up to $112,500,000 of additional shares of common stock.

Morgan Stanley is acting as sole underwriter in connection with the offering, and may offer the shares of common stock from time to time to purchasers... More