Short answer
PLUG POWER INC (PLUG) filed an 8-K current report with the SEC on July 13, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Gateway sale price fixed at $142.0 million, with outside closing extended to March 31, 2027.
PLUG POWER INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Gateway sale price fixed at $142.0 million, with outside closing extended to March 31, 2027
- Approximately $6.5 million escrow deposit released promptly, plus $10.0 million additional interim-closing deposit
- Interim Gateway closing enables real-property transfer while regulatory and environmental conditions remain outstanding
- Graham, Texas sale adds $50.0 million closing consideration plus potential earnout of up to $26.5 million
- Texas earnout tied to electrical capacity against a 164 MW reference, with closing expected by July 31, 2026
Item 2.02 · Results of Operations and Financial Condition
- Section 2.02 disclosure contains only regulatory safe-harbor language
- No fiscal 2026 operating results or financial metrics provided
- Investors must review the referenced earnings exhibit for substantive information
Item 7.01 · Regulation FD Disclosure
- Disclosure signals planned transactions and infrastructure optimization aimed at improving liquidity
- Potential liquidity benefits remain contingent on closings, escrow releases, and regulatory approvals
- Gateway Project second closing depends on New York environmental and regulatory review
- Graham, Texas contingent consideration depends on final electrical load capacity
- Preliminary June 30, 2026 cash position remains unaudited, creating potential liquidity uncertainty
Item EX-99.1 · Exhibit EX-99.1
- Graham, Texas sale for up to $76.5M, including $50M at closing and $26.5M contingent on confirmed grid capacity
- Texas transaction could release approximately $14M collateral, bringing potential total liquidity to approximately $90.5M
- Gateway land closing accelerates, with $21.5M paid toward fixed $142M purchase price after escrow releases
- Gateway non-land closing extended to March 31, 2027, preserving regulatory and environmental execution risk
- Transactions expected to provide more than $80M near-term liquidity against approximately $162M unrestricted cash at June 30, 2026
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