Plug Power launches $267M equity offering of shares and warrants at $1.51/unit

PLUG POWER INC

46.5M shares + 138.9M pre-funded warrants + 185.4M common warrants offered at $1.51/unit.
Net proceeds of ~$267M; potential additional $371M if all common warrants exercised.
Use of proceeds: working capital and general corporate purposes.
Closing expected March 20, 2025; underwriters include Oppenheimer & Co.

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