Plug Power Files with SEC to Offer 4.75 Million Shares

June 12, 2001 by Jeff Shepard

Plug Power (Latham, NY) reported that it has filed a registration statement with the Securities and Exchange Commission to offer the public 4.75 million shares of common stock. The proposed offering will also include an option for the underwriters to buy an additional 712,500 shares of common stock solely to cover any over-allotments.

Plug Power says that it expects to issue and sell all of the shares. The offering will be underwritten by underwriters managed by JPMorgon, Merril Lynch and Co., Salomon Smith Barney, FAC/Equities, and McDonald Investments Inc.