Plug Power restructures NY property sale, adds $50M Texas deal, discloses $162M cash

Filed July 13, 2026 · Period ending July 9, 2026 · ~1 min read

Key Changes

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  Amended NY Gateway property sale: extended closing to March 2027, fixed price at $142M, will receive $6.5M escrow release plus $10M new deposit; retains repurchase right if deal fails after interim closing

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Entered agreement to sell Texas property and 164 MW grid interconnection assets to Stream for $50M at closing (expected July 31, 2026), plus up to $26.5M earnout based on final electrical load capacity

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Disclosed preliminary unrestricted cash of approximately $162M as of June 30, 2026; two transactions expected to deliver over $80M near-term incremental liquidity

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →