---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-116109"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:33:02.247401+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power raises $190M via $200M convertible debenture at 6% interest, conversion at $2.90

## Summary
- Issued $200M unsecured convertible debenture to YA II PN Ltd.; net proceeds $190M, close Nov 12.
- Interest 6% per annum (16% on default); maturity 2 years from issuance.
- Initial conversion price $2.90, a 146% premium to Nov 11 closing price.
- Monthly conversion cap: $22.5M at lower of $2.90 or 97.25% of 3-day VWAP (subject to floor).
- Up to 182M shares may be issued upon conversion; resale registration statement to be filed.

## SEC filing metadata
- accession: 0001104659-24-116109
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465924116109/0001104659-24-116109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465924116109/tm2428063d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-116109
- JSON: https://secwatch.observer/filing/0001104659-24-116109.json
- Plain text: https://secwatch.observer/filing/0001104659-24-116109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.