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

Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001104659-25-010760
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power enters $1B standby equity purchase agreement with Yorkville Advisors; shares sold at 95% of VWAP.
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925010760/0001104659-25-010760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465925010760/tm255837d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-010760

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