Workflow
What's Going On With Plug Power Stock Friday? - Plug Power (NASDAQ:PLUG)

Plug Power, Inc. (NASDAQ:PLUG) stock rose Friday after closing a major refinancing that reshaped its balance sheet.The company also scheduled a key shareholder vote to expand its authorized share count next year.Plug closed a convertible note offering totaling 431.25millionduein2033.AlsoRead:BJsWholesaleShinesAsShoppersGoPremiumAndStayLoyalThedealincludedfullexerciseoftheunderwritersadditionalpurchaseoption.Afterfeesandexpenses,Plugreceivedabout431.25 million due in 2033.Also Read: BJ’s Wholesale Shines As Shoppers Go Premium And Stay LoyalThe deal included full exercise of the underwriters’ additional purchase option. After fees and expenses, Plug received about 399.4 million in net proce ...