PLUG POWER INC (PLUG) Form 8-K — Jul 13, 2026
Plug Power entered into amended and new definitive agreements with Stream US Data Centers to monetize assets in New York and Texas, targeting over $275 million in liquidity improvement. The New York Gateway Project was restructured to allow an interim closing of the real property, fixing the purchase price at $142.0 million and extending the final closing date to March 31, 2027. Additionally, Plug Power signed a definitive agreement to sell its Graham, Texas Project for $50.0 million at closing, with a potential earnout of up to $26.5 million based on electrical load capacity.
Key figures
- Cash Position
- 162000000
- Texas mw capacity
- 164
- Texas max earnout usd
- 26500000
- Texas purchase price usd
- 50000000
- Gateway escrow release usd
- 6500000
- Gateway purchase price usd
- 142000000
- Gateway additional deposit usd
- 10000000
- Total liquidity improvement target usd
- 275000000
Price after filing
Close on the filing date to close N calendar days later (from $2.17). Historical, not a forecast.
AI analysis
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