Plug Power Inc. Files 8-K: Material Agreement & Equity Sales

Ticker: PLUG · Form: 8-K · Filed: 2024-11-12T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, financial-obligation

TL;DR

Plug Power signed a new deal and sold some stock, more details to come.

AI Summary

On November 11, 2024, Plug Power Inc. entered into a material definitive agreement, creating a direct financial obligation. The company also reported on unregistered sales of equity securities. Specific details regarding the agreement and the equity sales, including dollar amounts and dates, are not fully disclosed in this initial filing.

Why It Matters

This filing indicates Plug Power is entering into new financial commitments and potentially issuing new shares, which could impact its financial structure and stock price.

Risk Assessment

Risk Level: medium — The filing involves new financial obligations and equity sales, which carry inherent financial and market risks.

Key Players & Entities

Plug Power Inc. (company) — Registrant
November 11, 2024 (date) — Date of earliest event reported

FAQ

What is the nature of the material definitive agreement entered into by Plug Power Inc. on November 11, 2024?

The filing states that Plug Power Inc. entered into a material definitive agreement on November 11, 2024, which also constitutes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific terms of the agreement are not detailed in this initial report.

What type of unregistered sales of equity securities are reported by Plug Power Inc.?

The filing indicates that Plug Power Inc. engaged in unregistered sales of equity securities. Further details regarding the specifics of these sales, such as the number of shares or the price, are not provided in this document.

What is the principal executive office address for Plug Power Inc.?

The principal executive offices of Plug Power Inc. are located at 125 Vista Boulevard, Slingerlands, New York, 12159.

Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?

This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is Plug Power Inc.'s fiscal year end?

Plug Power Inc.'s fiscal year ends on December 31.

From the Filing

0001104659-24-116109.txt : 20241112 0001104659-24-116109.hdr.sgml : 20241112 20241112060355 ACCESSION NUMBER: 0001104659-24-116109 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241111 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20241112 DATE AS OF CHANGE: 20241112 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34392 FILM NUMBER: 241442761 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 8-K 1 tm2428063d2_8k.htm FORM 8-K false 0001093691 0001093691 2024-11-11 2024-11-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549    FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): November 11, 2024   Plug Power Inc. (Exact name of registrant as specified in its charter)    Delaware   1-34392   22-3672377 (State or other jurisdiction   (Commission File   (IRS Employer of incorporation)   Number)   Identification No.)             125 Vista Boulevard Slingerlands , New York   12159   (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code:  ( 518 ) 782-7700   N/A (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):    ¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)  ¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)  ¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  ¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))    Securities registered pursuant to 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   PLUG   The Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).    Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 1.01 Entry into a Material Definitive Agreement.   On November 11, 2024, Plug Power Inc. (the “Company”) entered into a Debenture Purchase Agreement (the “Debenture Purchase Agreement”