power delivery (stopper) has issued an update to notify the public and investors regarding entering into a definitive material agreement.
Plug Power Inc. has entered into a sales agreement with B. Riley Securities, Inc. On January 17, 2024, to sell up to $1.0 billion of its common stock at market prices. Over an 18-month period, the Company may direct B. Riley to purchase up to $10 million worth of shares per trading day, with a weekly maximum of $30 million across all transactions. B. Riley will receive a commission for its services, at rates that vary between agency and master transactions. The agreement, which may be terminated under certain circumstances, is entered into under the Company’s current shelf registration and is detailed in the prospectus supplement.
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