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FinancingClosedJanuary 29, 2021

Plug Power public follow-on offering — 28M shares × $65 = $1.82B

Plug Power upsized $1.82B follow-on offering — largest US clean-hydrogen follow-on of 2021. Coincided with $1.5B SK Group strategic equity investment.

$1.82B

Deal Value

Hydrogen & Fuel Cells

Technology

NY

Location

Deal Details

Deal Type
Corporate Debt & Capital Markets
Seller / Sponsor
Plug Power Inc. (NASDAQ: PLUG)
Buyer / Financier
Morgan Stanley (lead bookrunner)
Deal Value
$1.82B (upsized from $1.5B)
Stage
Growth
ISO/RTO
NYISO

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