Current Report Filing (8-k)
April 13 2020 - 4:57PM
Edgar (US Regulatory)
0001093691
false
0001093691
2020-04-12
2020-04-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 13, 2020
PLUG POWER INC.
(Exact name of registrant as specified in charter)
Delaware
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1-34392
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22-3672377
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(State or Other Jurisdiction
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(Commission File
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(IRS Employer
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of Incorporation)
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Number)
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Identification No.)
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968
Albany Shaker Road, Latham,
New York
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12110
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(Address of Principal Executive Offices)
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(Zip Code)
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(518) 782-7700
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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PLUG
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The Nasdaq Capital Market
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On April 13, 2020, Plug Power Inc. (the
“Company”) entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley FBR,
Inc. (the “Agent”), relating to the offer and sale of shares of the Company’s common stock having an aggregate
offering price of up to $75 million (the “Shares”) to or through the Agent, as sales agent or principal.
Sales of the Shares, if any, will be
made by any method that is deemed an “at the market offering” as defined in Rule 415 promulgated under the
Securities Act of 1933, as amended (the “Securities Act”). The Agent will receive from the Company a commission
in an amount up to 3.0% of the gross sales price of all Shares sold through it as Agent under the Sales Agreement. We have agreed to provide the Agent with customary indemnification and contribution rights. We will also
reimburse the Agent for certain specified expenses in connection with entering into the Sales Agreement.
The Shares will be issued pursuant to the Company’s automatic
shelf registration statement on Form S-3 (File No. 333-235328), which became effective upon filing with the Securities and Exchange
Commission on December 2, 2019, and a prospectus supplement dated April 13, 2020 filed with the Securities and Exchange Commission
pursuant to Rule 424(b) under the Securities Act. This Current Report shall not constitute an offer to sell or the solicitation
of an offer to buy any securities of the Company, nor shall there be any sale of such securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Sales Agreement will terminate upon the earlier of (a) the
sale of all of the Shares subject to the Sales Agreement, or (b) the termination of the Sales Agreement by the Agent or the Company,
as permitted therein.
The Sales Agreement is filed as Exhibit 1.1 to this Current
Report. The foregoing description of the Sales Agreements does not purport to be complete and is qualified in its entirety by reference
to the Sales Agreement filed herewith as an exhibit to the Current Report. A copy of the opinion of Goodwin Procter LLP with respect
to the validity of the Shares that may be offered and sold pursuant to the Sales Agreement is filed herewith as Exhibit 5.1.
Item 9.01.
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Financial Statements and Exhibits
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d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PLUG POWER INC.
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Date: April 13, 2020
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By:
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/s/ Andrew Marsh
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Andrew Marsh,
Chief Executive Officer
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