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

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. Riley Securities, acting as the sales agent or principal, will receive commissions for their role in the sales. The offering is set to terminate either 18 months after the original sales agreement date for principal transactions or 24 months for agency transactions, upon the sale of all shares, or if the sales agreement is terminated as allowed within its terms.