UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02 Termination of Material Definitive Agreement.
On December 14, 2022, Plug Power Inc. and its subsidiaries, Emerging Power Inc., a Delaware corporation, Emergent Power Inc., a Delaware corporation, Plug Power Hydrogen Holdings, Inc., a Delaware corporation, Plug Power ELX Holdings, Inc., a Delaware corporation, United Hydrogen Group Inc., a Delaware corporation, and Giner ELX Sub, LLC, a Delaware limited liability company (the “Company”), repaid in full all outstanding obligations under the Loan and Security Agreement, dated as of March 29, 2019, as amended (the “Generate Loan Agreement”), with Generate PPL SPV I, LLC, as assignee of Generate Lending, LLC, a Delaware limited liability company (together, “Generate”). All of the Company’s obligations under the Generate Loan Agreement have been paid and discharged in full and all security interests and other liens granted by the Company to Generate to secure the Company’s obligations under the Generate Loan Agreement have been terminated and automatically released (other than with respect to customary provisions and agreements that are expressly specified to survive the termination). The Company did not incur any early termination penalties in connection with repayment of the indebtedness or termination.
The material terms of the Generate Loan Agreement are described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2019, and material amendments thereto are described in subsequent Current Reports filed by the Company with the SEC on September 9, 2019, December 2, 2019, May 14, 2020 and November 9, 2021.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Plug Power Inc. | ||
| Date: December 19, 2022 | By: | /s/ Paul Middleton |
| Name: Paul Middleton | ||
| Title: Chief Financial Officer |