secwatch.observer — SEC 8-K summary
======================================

Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115469
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power amends at-market sales agreement, adds $375M capacity and principal purchase option
--------------------------------------------------------------------------------

- As of Nov 7, 2024, Plug had sold ~$677M of stock under the existing $1B facility.
- Amendment No. 2 adds ~$375M in gross sales price, restoring total capacity to $1B.
- Company may direct B. Riley to purchase up to $11M/day and $55M/week on principal basis through Feb 7, 2025.
- After Feb 8, 2025, if market cap <$1B, daily cap drops to $10M and weekly cap to $30M.
- Right to direct principal purchases extended to Dec 31, 2025; B. Riley gets up to $25K legal fee reimbursement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924115469/0001104659-24-115469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924115469/tm2427681d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115469

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