Plug Power falls on exercising warrants

Plug Power

08/10/2025 14:34

** Shares of hydrogen fuel-cell maker Plug Power PLUG.O down ~5% at $3.7

** Company says it entered into a warrant inducement agreement with a single existing institutional investor for the Plug Power’s outstanding warrants issued in March to purchase 185 million shares at $2 per share

** Co says the gross proceeds to PLUG, before deductions, expected to be about $370 million

    ** Co also says it will also issue new warrants at $7.75 per share upon exercising existing warrants

** PLUG says if the New Warrants are fully exercised on a cash basis, co can raise about $1.4 billion in additional gross proceeds

** Including session's moves, stock up 74.64% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))