PLUG Seeks Shareholder Vote to Double Authorized Stock to 3 Billion

Feb 3, 2026 (15 hr ago)

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PLUG Seeks Shareholder Vote to Double Authorized Stock to 3 Billion

PLUG is asking shareholders to approve doubling its authorized common shares from 1.5 billion to 3 billion to secure future financing flexibility.

Share Capital Expansion Proposal

PLUG is requesting shareholder approval to increase authorized common shares from 1.5 billion to 3 billion1
This move is intended to provide the company with greater flexibility to issue additional stock to support ongoing financing needs1
The shareholder vote concerning this proposal is scheduled to take place on February 51

CEO Rationale Against Reverse Split

CEO Andy Marsh is actively rallying support for Proposal 2, which increases share issuance capacity, viewing it as a more stockholder-responsive path than a reverse stock split2
Marsh stated that the company has no alternative but to expand share capacity to meet its operational needs3

Underlying Funding Imperative

Expanding share capacity is deemed necessary by management, even if the company were to pursue a reverse stock split3

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PLUG Seeks Shareholder Vote to Double Authorized Stock to 3 Billion | Foxly Invest