Plug Power enters $1.0B at-the-market equity offering with B. Riley

PLUG POWER INC

Up to $1.0B in common stock may be sold over 18-month (agency) or 24-month (principal) period.
B. Riley commissions: 3.0% for agency sales, 5.0% for principal sales.
Principal transactions limited to $10M per day, $30M per week, with specific restrictions.
Shares issued under existing S-3 shelf registration statement filed June 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PLUG POWER INC entered into Sales Agreement with B. Riley Securities, Inc. valued at up to $1.0 billion (effective 2024-01-17).

Action: entry
Agreement: atm program
Counterparty: B. Riley Securities, Inc.
Value: up to $1.0 billion
Effective: 2024-01-17

Exact text from the filing

On January 17, 2024, Plug Power Inc. (the "Company") entered into an At Market Issuance Sales Agreement (the "Sales Agreement") with B. Riley Securities, Inc. ("B. Riley"), pursuant to which the Company may, from time to time, offer and sell shares of the Company’s common stock, par value $0.01 per share ("Common Stock"), having an aggregate offering price of up to $1.0 billion

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281 material agreements filed in the last 30 days. Browse all material agreements →

PLUG POWER INC filing history →

Source: SEC EDGAR

accession 0001104659-24-004468

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