secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001104659-24-039035
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power exchanges $138.8M of 3.75% notes for $140.4M of 7% notes due 2026; board rebalanced
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/0001104659-24-039035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924039035/tm249416d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-039035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer