US hydrogen technology firm Plug Power has revealed plans to sell up to $1bn of its common stock, after revealing growing losses last year (2023).
In a letter to shareholders, Plug said B. Riley Securities would “from time to time” sell up to $1bn of its stock as it looks to raise additional capital to deliver on its hydrogen plans.
Proceeds from the offering would be used for working capital, CAPEX and general corporate purposes.
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