- The offering price is 20% below Plug's (PLUG -16.4%) Tuesday closing price. Net proceeds are expected to total $9.1M. (PR)
- Chairman George McNamee and other "directors and existing stockholders" will buy shares through the offering.
- The offering stands to increase Plug's diluted share count by 24%.
- Previous: Plug Power announces stock offering
Plug Power prices 18.6M-share stock offering at $0.54, shares tumble
Sep 11 2013, 09:42 ET