other material
confidence high
sentiment neutral
materiality 0.75
Plug Power enters $1B standby equity purchase agreement with Yorkville Advisors; shares sold at 95% of VWAP.
PLUG POWER INC
- Maximum aggregate gross proceeds of $1.0B; daily advance cap of $10.0M.
- Purchase price equals 95% of the daily volume-weighted average price (VWAP).
- Company paid $1.0M commitment fee; proceeds for working capital and general corporate purposes.
- Agreement terminates Feb 10, 2027, or when full $1B issued.
- Company has right but no obligation to sell; Yorkville must purchase upon valid advance notice.