Plug Power Inc. Completes $15.0 Million Public Offering of Common Stock
28 Marzo 2012 - 5:09PM
Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean,
reliable energy solutions, today announced that it has completed
the previously announced underwritten public offering of 13,000,000
shares of its common stock. The shares were sold at a price to the
public of $1.15 per share for gross proceeds of approximately $15.0
million.
Net proceeds, after underwriting discounts and commissions and
other estimated fees and expenses payable by Plug Power were
approximately $13.6 million.
ROTH Capital Partners acted as the sole manager for the
offering.
The securities described were offered by Plug Power Inc.
pursuant to a shelf registration statement on Form S-3 including a
base prospectus, previously filed and declared effective by the
Securities and Exchange Commission (SEC). The securities may be
offered only by means of a prospectus. A preliminary prospectus
supplement and final prospectus supplement related to the offering
were filed with the SEC on March 23, 2012 and March 26, 2012,
respectively, and are available on the SEC's website located at
www.sec.gov. Electronic copies of the final prospectus supplement
also may be obtained from Roth Capital Partners, LLC Equity Capital
Markets, 888 San Clemente Drive, Newport Beach, CA 92660, at
800-678-9147 and Rothecm@roth.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About Plug Power Inc.
The architects of modern fuel cell technology, Plug Power
revolutionized the industry with cost-effective power solutions
that increase productivity, lower operating costs and reduce carbon
footprints. Long-standing relationships with industry leaders
forged the path for Plug Power's key accounts, including Wegmans,
Whole Foods, and FedEx Freight. With more than 2,000 GenDrive
units shipped to material handling customers, accumulating over 5.5
million hours of runtime, Plug Power manufactures tomorrow's
incumbent power solutions today. Additional information about Plug
Power is available at www.plugpower.com.
The Plug Power Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4446
CONTACT: Media Contact:
Reid Hislop
Plug Power Inc.
Phone: (518) 782-7700 ext. 1360
media@plugpower.com
Investor Relations Contact:
Cathy Yudzevich
Plug Power Inc.
Phone: (518) 782-7700 ext. 1448
investors@plugpower.com
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