Plug Power 10-Q Details Amazon Deal Warrants
Ticker: PLUG · Form: 10-Q · Filed: 2024-08-08T00:00:00.000Z
Sentiment: neutral
Topics: warrants, amazon, sec-filing, financial-instruments
Related Tickers: AMZN
TL;DR
Plug Power's Q2 10-Q shows Amazon deal warrants, impacting future share structure.
AI Summary
Plug Power Inc. filed its 10-Q for the period ending June 30, 2024. The filing details various financial instruments and agreements, including warrants issued in connection with an Amazon Transaction Agreement from 2022. Specific inputs like share price, risk-free interest rate, price volatility, and exercise price were noted for these warrants, with some related to "WarrantIssuedTrancheFour" in 2024 and others to "WarrantsTranchesOneThroughThree" from August 24, 2022.
Why It Matters
This filing provides insight into the financial obligations and equity structures related to Plug Power's significant agreements, impacting investor understanding of potential dilution and financial commitments.
Risk Assessment
Risk Level: medium — The filing details financial instruments and agreements that could have future financial implications, warranting a medium risk assessment.
Key Players & Entities
- PLUG POWER INC (company) — Filer
- 2024-06-30 (date) — Reporting Period End Date
- 2022-08-24 (date) — Date of Amazon Transaction Agreement Warrants
- AmazonTransactionAgreement2022 (agreement) — Specific Agreement Mentioned
- WarrantIssuedTrancheFour (financial_instrument) — Specific Warrant Tranche
- WarrantsTranchesOneThroughThree (financial_instrument) — Specific Warrant Tranche
FAQ
What were the key financial inputs disclosed for the warrants issued under the Amazon Transaction Agreement in 2024?
The filing discloses inputs such as share price, risk-free interest rate, price volatility, and exercise price for "WarrantIssuedTrancheFour" as of June 30, 2024.
When were the "WarrantsTranchesOneThroughThree" related to the Amazon Transaction Agreement issued?
The "WarrantsTranchesOneThroughThree" related to the Amazon Transaction Agreement were issued on August 24, 2022.
What is the fiscal year end for Plug Power Inc.?
Plug Power Inc.'s fiscal year ends on December 31.
What is the SEC file number for Plug Power Inc.'s filings?
The SEC file number for Plug Power Inc. is 001-34392.
What is the business address of Plug Power Inc.?
The business address of Plug Power Inc. is 125 VISTA BOULEVARD, SLINGERLANDS, NY 12159.
From the Filing
0001558370-24-011593.txt : 20240808 0001558370-24-011593.hdr.sgml : 20240808 20240808160725 ACCESSION NUMBER: 0001558370-24-011593 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 139 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLUG POWER INC CENTRAL INDEX KEY: 0001093691 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 223672377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34392 FILM NUMBER: 241188272 BUSINESS ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 BUSINESS PHONE: 5187827700 MAIL ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 10-Q 1 plug-20240630x10q.htm 10-Q UNITED STATES 0001093691 --12-31 2024 Q2 false NY P30D P1D P3D P30D P7Y P1Y 1 P30D 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputSharePriceMember plug:WarrantIssuedTrancheFourMember 2024-06-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputRiskFreeInterestRateMember plug:WarrantIssuedTrancheFourMember 2024-06-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputPriceVolatilityMember plug:WarrantIssuedTrancheFourMember 2024-06-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputExercisePriceMember plug:WarrantIssuedTrancheFourMember 2024-06-30 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputSharePriceMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputRiskFreeInterestRateMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputPriceVolatilityMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 plug:AmazonTransactionAgreement2022Member us-gaap:MeasurementInputExercisePriceMember plug:WarrantsTranchesOneThroughThreeMember 2022-08-24 0001093691 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0001093691 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001093691 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0001093691 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001093691 plug:StockOptionsVestingBasedOnPerformanceMember 2024-01-01 2024-03-31 0001093691 srt:MaximumMember plug:AtMarketIssuanceSalesAgreementMember 2024-01-17 2024-01-17 0001093691 plug:FivePointFivePercentOfConvertibleSeniorNotesMember us-gaap:ForwardContractsMember 2018-03-01 2018-03-31 0001093691 us-gaap:RetainedEarningsMember 2024-06-30 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-06-30 0001093691 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001093691 us-gaap:RetainedEarningsMember 2024-03-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-03-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001093691 us-gaap:RetainedEarningsMember 2023-12-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-12-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001093691 us-gaap:RetainedEarningsMember 2023-06-30 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-06-30 0001093691 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001093691 us-gaap:RetainedEarningsMember 2023-03-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-03-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001093691 2023-03-31 0001093691 us-gaap:RetainedEarningsMember 2022-12-31 0001093691 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2022-12-31 0001093691 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001093691 us-gaap