{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-039035","form_type":"8-K","ticker":"PLUG","cik":"0001093691","company_name":"PLUG POWER INC","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.345418+00:00","generated_at":"2026-06-04T07:34:59.019819+00:00","sec_items":["1.01","2.03","3.02","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Plug Power exchanges $138.8M of 3.75% notes for $140.4M of 7% notes due 2026; board rebalanced","bullets":["Issued $140.4M of 7.00% Convertible Senior Notes due 2026 in exchange for $138.8M of 3.75% notes due 2025.","About $58.5M of 2025 Notes remain outstanding with original terms unchanged.","New notes have initial conversion price of ~$4.25/share; redeemable after June 5, 2025 under conditions.","Director Gary K. Willis reclassified from Class I to Class III to equalize board classes to three each, effective March 26, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-039035","json":"https://secwatch.observer/filing/0001104659-24-039035.json","markdown":"https://secwatch.observer/filing/0001104659-24-039035.md","text":"https://secwatch.observer/filing/0001104659-24-039035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/0001104659-24-039035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/tm249416d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:34:59.019819+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6b476b5c66c301565643b8b88ab44fea66a6647","claim":"PLUG POWER INC incurred convertible notes of $140,396,000 with Wilmington Trust, National Association at 7.00% per annum maturing June 1, 2026.","evidence_excerpt":"On March 20, 2024, in connection with the consummation of previously announced private exchange transactions, Plug Power Inc., a Delaware corporation (the “Company”), issued $140,396,000 in aggregate principal amount of its 7.00% Convertible Senior Notes due 2026 (the “New Notes”) under an Indenture, dated March 20, 2024 (the “Indenture”), between the Company and Wilmington Trust, National Association, as trustee.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/0001104659-24-039035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$140,396,000"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"7.00% per annum"},{"label":"Maturity","value":"June 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c6dbfb95e02881d696dcd966be817cc937eb4790","claim":"PLUG POWER INC entered into Indenture with Wilmington Trust, National Association, as trustee valued at $140,396,000 in aggregate principal amount (effective 2024-03-20).","evidence_excerpt":"On March 20, 2024, in connection with the consummation of previously announced private exchange transactions, Plug Power Inc., a Delaware corporation (the “Company”), issued $140,396,000 in aggregate principal amount of its 7.00% Convertible Senior Notes due 2026 (the “New Notes”) under an Indenture, dated March 20, 2024 (the “Indenture”), between the Company and Wilmington Trust, National Association, as trustee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/0001104659-24-039035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as trustee"},{"label":"Value","value":"$140,396,000 in aggregate principal amount"},{"label":"Effective","value":"2024-03-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}