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Benzinga

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Nabaparna Bhattacharya

Why Plug Power Stock Is Falling Today

PLUG Plug Power Nasdaq Hydrogen

Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Plug Power, Inc. (NASDAQ:PLUG) shares slipped on Wednesday after the hydrogen technology company announced a new warrant inducement agreement with a key institutional investor.

The deal allows the immediate exercise of all outstanding warrants issued earlier this year, providing the company with roughly $370 million in gross proceeds before expenses.

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