- Plug Power (PLUG +12.1%) is back on the move after it priced an underwritten registered offering of 10M common shares with warrants to purchase 4M additional shares.
- PLUG hopes to gain net proceeds of $28M from the offering, to be used as working capital and for general corporate uses such as capital expenditures.
- Shares fell back yesterday for the first time this year, but have gained ~150% YTD.
Plug Power resumes climb, +12% after filing for stock and warrants offering
Jan 10 2014, 10:19 ET