Plug Power (PLUG) filed a registration statement Tuesday for the potential sale of an unspecified amount of securities by the company or selling securityholders from time to time.
The filing covers common and preferred stock, warrants, debt securities and units.
The company will use the net proceeds for general corporate purposes, which may include debt repayment, funding possible acquisitions and investments, capital expenditures, stock buybacks and for working capital, according to the filing.
Plug Power said it will not receive any proceeds if a selling securityholder sells securities.
The company's shares rose over 3% in recent trading.
Price: 0.81, Change: +0.03, Percent Change: +3.33
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