Plug Power Reports Pricing Of Its Previously Announced Public Offering Of 78.74M Shares At $2.54 Per Share

The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions. 

The gross proceeds to Plug Power from the offering, before deducting the underwriting discount and other offering expenses payable by Plug Power, are expected to be approximately $200 million.

Plug Power intends to use the net proceeds from the offering for general corporate purposes.