By Andy Marsh, President & CEO<\/p>\n
There seems to be confusion about a transaction that occurred earlier this week. \u00a0An affiliate of one of our board members purchased approximately half of Air Liquide\u2019s remaining stake in the Series C Preferred stock.\u00a0 This was done at the market price of about $1.18 per common share equivalent on the day of the transaction.<\/p>\n
The math:\u00a0 2,620 preferred shares purchased at $1,256.81\/preferred share equals total transaction value of $3,292,842.20.\u00a0 The 2,620 preferred shares convert into 2,782,075 common shares, resulting in the equivalent of $1.18 per common share price.<\/p>\n
This was completed as a private transaction between shareholders, which includes a six month period where the shares cannot be resold. \u00a0It highlights the commitment to the long term growth and value of Plug Power.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Andy Marsh, President & CEO There seems to be confusion about a transaction that occurred earlier this week. \u00a0An affiliate of one of our board members purchased approximately half of Air Liquide\u2019s remaining stake in the Series C Preferred stock.\u00a0 This was done at the market price of about $1.18 per common share equivalent ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3099","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n