{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-039782","form_type":"8-K","ticker":"PLUG","cik":"0001093691","company_name":"PLUG POWER INC","filed_at":"2025-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.492202+00:00","generated_at":"2026-05-23T04:43:07.741895+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Plug Power secures $525M credit facility, reports preliminary Q1 revenue ~$130-134M","bullets":["Enters secured debt facility with Yorkville for up to $525M; initial $210M tranche to close May 2, 2025, at 15% interest.","Initial tranche proceeds retire ~$82.5M of Yorkville convertible debenture, reducing potential dilution (~55M shares).","Preliminary Q1 2025 revenue $130-134M, Q2 guidance $140-180M; net cash usage improved to ~$142M vs $268M in Q1 2024.","Louisiana 15TPD hydrogen plant online; cost reduction initiatives expected to drive over $200M annual savings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-039782","json":"https://secwatch.observer/filing/0001104659-25-039782.json","markdown":"https://secwatch.observer/filing/0001104659-25-039782.md","text":"https://secwatch.observer/filing/0001104659-25-039782.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925039782/0001104659-25-039782-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925039782/tm2513332d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T04:43:07.741895+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"415297ea9a2862dd4d8389323206d946eb02776b","claim":"PLUG POWER INC incurred senior notes of $210,000,000 with YA II PN, Ltd. at 15% per annum maturing May 1, 2028.","evidence_excerpt":"the Buyer has committed to purchase an initial tranche of secured debentures in an aggregate principal amount of $210,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925039782/0001104659-25-039782-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$210,000,000"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"May 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}