Plug Power Announces Adjournment of Special Meeting of Stockholders

Core Viewpoint - Plug Power Inc. has adjourned its Special Meeting of Stockholders to February 5, 2026, to allow more time for stockholders to vote on Proposals 1 and 2 [1]. Proposal Voting - Proposals 1 and 2 require a majority vote from the Company's outstanding shares, and the meeting was adjourned to facilitate broader participation [2]. - As of the meeting date, approximately 92.63% and 89.09% of the votes cast supported Proposals 1 and 2, respectively, but only about 36.93% and 46.86% of the outstanding shares were represented [3]. - The Company estimates needing an additional 13.07% of outstanding shares for Proposal 1 and 3.14% for Proposal 2 to meet the voting requirements [3]. Reverse Stock Split - If Proposal 2 is not approved, the Company will proceed with a reverse stock split to increase its authorized shares of common stock available for issuance [4]. CEO Statement - The CEO emphasized the importance of stockholder participation and noted that the Company is close to approval for Proposal 2, indicating that a slight shift in votes could lead to its passage [5]. - The Company encourages stockholders to vote "yes" and to reconsider any previous "no" or "abstain" votes [5]. Voting Instructions - Stockholders are urged to vote promptly to ensure their views are represented, with detailed instructions available on the Company's website [5].