---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-001336"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:29:36.174556+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Plug Power and Walmart enter license agreement; Walmart terminates 42.2M share warrant

## Summary
- Walmart terminates 2017 warrant covering 42,192,479 shares (all vested and unvested), eliminating future dilution.
- Plug Power grants Walmart contingent license to GenKey System escrow materials upon specified Release Events.
- Plug Power to use commercially reasonable efforts to identify alternative stack suppliers within [***] days of Dec 30, 2025.
- One-time initial license fee upon escrow deposit plus annual fees; increased fees upon Release Event.
- Agreement effective Dec 30, 2025, term of 15 years unless terminated earlier for material uncured breach.

## SEC filing metadata
- accession: 0001104659-26-001336
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465926001336/0001104659-26-001336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465926001336/tm262057d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001336
- JSON: https://secwatch.observer/filing/0001104659-26-001336.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001336.txt

## Key facts
- Material Agreements
  PLUG POWER INC entered into Release Event License Agreement with Walmart Inc. valued at a one-time initial license fee (effective 2025-12-30).
  - Action: entry
  - Agreement: license
  - Counterparty: Walmart Inc.
  - Value: a one-time initial license fee
  - Effective: 2025-12-30
  source text: On December 30, 2025 (the “Effective Date”), Plug Power Inc. (the “Company”) entered into a Release Event License Agreement (the “License Agreement”) with Walmart Inc. (“Walmart”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465926001336/0001104659-26-001336-index.htm

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