Plug Power Inc. (Nasdaq: PLUG) announced the commencement of a public offering of 11,000,000 shares of its common stock.
Plug intends to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock to cover over-allotments, if any. Citigroup Global Markets Inc. will be the sole bookrunner for this offering and Stephens Inc. will act as co-manager. The shares of common stock will be offered under Plug Power’s existing shelf registration statement filed with the Securities and Exchange Commission. The prospectus supplement and accompanying prospectus related to this public offering has been filed with the Securities and Exchange Commission.
Plug Power Inc. is a leader in the deployment of clean, reliable, on-site energy products. More than 550 Plug Power fuel cell systems have been delivered to customers worldwide in commercial, public sector, telecommunications, utility and uninterruptible power supply markets.
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