A Message to Shareholders: Help Plug Power Take the Right Path Forward

On May 30, 2025, Plug Power Inc. (the “Company”) filed its preliminary proxy statement, which includes two important proposals that it is asking stockholders to support. Proposal 2 seeks approval to increase the number of our authorized shares. Proposal 3 seeks approval to permit our Board to implement a reverse stock split, but only if needed. If our stockholders do not approve Proposal 2, then we may not have the additional shares that may be needed to support the Company’s business. Shares are critical to a company’s ability to operate—whether it’s raising capital, supporting partnerships, issuing equity to employees, or pursuing strategic initiatives. Without an increase in the number of authorized shares of common stock, we may be constrained in our ability to address ongoing needs and to pursue opportunities that support long-term growth. This could adversely affect our financial performance and limit our flexibility moving forward.We strongly encourage our stockholders to vote in favor of both Proposal 2 and Proposal 3. Increasing our authorized shares through Proposal 2 is the most straightforward way to ensure the Company has the tools it needs to execute on its strategy. If Proposal 2 is approved, we will not implement a reverse stock split to increase the number of our authorized shares. Proposal 3 gives the Board the optional authority to implement a reverse split—but only if necessary and only if Proposal 2 is not approved.It’s also important to understand the differences in voting thresholds between the two proposals. Proposal 2 requires approval by a majority of all outstanding shares entitled to vote. Proposal 3, on the other hand, may be approved if, assuming we achieve a quorum and we use our “blank check” authority to participate in the vote, a majority of such shares present or represented by proxy at the annual meeting vote in favor of the proposal. That means Proposal 3 could still pass even if Proposal 2 fails. That’s why it is important to vote on—and vote for—both proposals.One of the biggest challenges we face is that roughly 40% of Plug Power’s shares are currently out on loan, which can negatively impact both voting and stock performance. If your shares are on loan, please consider recalling them by June 9, the record date, so you can vote your shares at the upcoming annual meeting.It is imperative that you vote your shares, no matter how many shares you own. For the full message, see the Schedule 14A Information that was filed with the Securities and Exchange Commission (the “Commission”) on June 2, 2025 at https://www.sec.gov/Archives/edgar/data/1093691/000110465925055315/tm2516888d1_defa14a.htm.Important Additional Information and Where to Find ItAs referenced above, certain stockholder matters (the “Stockholder Matters”) will need to be voted upon at this year’s annual meeting and the Company filed a preliminary proxy statement with the Commission on May 30, 2025, and intends to subsequently mail or otherwise make available a definitive proxy statement relating to the Stockholder Matters. This communication does not contain all the information that should be considered concerning the Stockholder Matters, and is not intended to form the basis of any voting decision, investment decision or any other decision in respect of the Stockholder Matters. STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE PRELIMINARY PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS, INCLUDING THE DEFINITIVE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) THAT ARE FILED OR WILL BE FILED WITH THE COMMISSION IN CONNECTION WITH THE STOCKHOLDER MATTERS, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT THESE MATTERS, AS WELL AS THE COMPANY.  When available, the definitive proxy statement and other relevant materials will be sent or made available to stockholders of the Company as of June 9, 2025, the record date for voting on the Stockholder Matters. Stockholders will also be able to obtain copies of the preliminary proxy statement and the definitive proxy statement and other documents filed with the Commission, without charge, once available, at the Commission’s website at www.sec.gov.  Copies will also be available at no charge at the Company’s website at https://www.ir.plugpower.com/financials/sec-filings/default.aspx.Participants in the SolicitationThe Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the Stockholder Matters. A list of the names of those directors and executive officers and a description of their interests in the Company is contained in the Company’s filings with the Commission, including in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended by Amendment No. 1 thereto on Form 10-K/A filed with the SEC on April 30, 2025, which was filed with the Commission and is available free of charge at the Commission’s website at www.sec.gov, or on the Company’s website at https://www.ir.plugpower.com/financials/sec-filings/default.aspx. Additional information regarding the interests of such participants is contained in the preliminary proxy statement and will be contained in the definitive proxy statement for the Stockholder Matters when available.  In addition, we have engaged MacKenzie Partners, Inc. to assist in the solicitation of proxies. The post A Message to Shareholders: Help Plug Power Take the Right Path Forward first appeared on Plug Power.The post A Message to Shareholders: Help Plug Power Take the Right Path Forward appeared first on Plug Power.Weiter zum vollständigen Artikel bei RSS Importer Weiter zum vollständigen Artikel bei RSS Importer