Plug Power (PLUG) Prices 40M Shares at $2.75

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Go back to Plug Power (PLUG) Prices 40M Shares at $2.75

Plug Power Inc. Announces Pricing of Public Offering of Common Stock

December 5, 2019 8:03 PM EST

LATHAM, N.Y., Dec. 05, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it has priced an underwritten public offering of 40 million shares of its common stock, at a price of $2.75 per share for expected gross proceeds of $110 million. In addition, Plug Power has granted the underwriters a 30-day option to purchase up to an additional 6 million shares of its common stock.  The closing is expected to occur on or about December 10, 2019, subject to customary closing conditions.

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