Plug to Hold February 2, 2026 Investor Question-and-Answer Forum Ahead of Adjourned Special Meeting

Rhea-AI Summary

Plug (NASDAQ: PLUG) will host an investor Q&A on February 2, 2026 at 10:00 a.m. ET to discuss proposals to be voted at its adjourned Special Meeting on February 5, 2026. The meeting was adjourned to allow broader participation and additional voting time.

As of the Special Meeting date, Proposals 1 and 2 had ~92.63% and ~89.09% support of votes cast, but only ~36.93% and ~46.86% of outstanding shares were represented. The company estimates it needs an additional 13.07% voted in favor of Proposal 1 and 3.14% for Proposal 2. If Proposal 2 fails, a reverse stock split will proceed to increase authorized common shares.

Join via toll-free phone or webcast; stockholders are urged to vote promptly and may contact Sodali for voting assistance.

Key Figures

Support for Proposal 1: 92.63% of votes cast Support for Proposal 2: 89.09% of votes cast Proposal 1 turnout: 36.93% of outstanding shares +5 more

8 metrics

Support for Proposal 1 92.63% of votes cast Votes cast at adjourned Special Meeting

Support for Proposal 2 89.09% of votes cast Votes cast at adjourned Special Meeting

Proposal 1 turnout 36.93% of outstanding shares Outstanding shares represented for Proposal 1

Proposal 2 turnout 46.86% of outstanding shares Outstanding shares represented for Proposal 2

Additional support needed P1 13.07% of outstanding shares Estimated incremental support required for Proposal 1

Additional support needed P2 3.14% of outstanding shares Estimated incremental support required for Proposal 2

Special Meeting time 10:00 a.m. ET Adjourned Special Meeting on February 5, 2026

Q&A Forum date February 2, 2026 Investor question-and-answer call before Special Meeting

Market Reality Check

Price: $2.11 Vol: Volume 98,752,687 is at 0...

normal vol

$2.11 Last Close

Volume Volume 98,752,687 is at 0.94x the 20-day average of 105,580,794, suggesting activity slightly below recent norms ahead of the special meeting. normal

Technical Shares at $2.34 are trading above the 200-day MA of $1.85, despite trading 48.91% below the 52-week high and 239.13% above the 52-week low.

Peers on Argus

Peer moves appear mixed: ENR up 1.32%, AMPX up 4.95%, while ELVA, FCEL, and LTBR...

1 Up

Peer moves appear mixed: ENR up 1.32%, AMPX up 4.95%, while ELVA, FCEL, and LTBR are down 2.31%, , and 8.45%, respectively. With limited momentum data and no same-day peer headlines, the move looks more company‑specific than sector‑driven.

Historical Context

5 past events · Latest: Jan 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 27	Special meeting outreach	Neutral	+4.8%	Company urged stockholders to vote on charter and share authorization proposals.
Jan 23	Project milestone	Positive	-3.5%	Completion of 100 MW electrolyzer installation at Galp’s Sines refinery.
Jan 20	Investor AMA	Neutral	-2.1%	CEO Reddit AMA to discuss proposals and possible reverse stock split.
Jan 13	Conference participation	Neutral	+0.0%	Participation in UBS Global Energy & Utilities Winter Conference investor meetings.
Jan 06	Conference participation	Neutral	+0.8%	Announcement of attendance at Goldman Sachs Energy, CleanTech & Utilities Conference.

Pattern Detected

Recent company news has centered on capital structure votes and investor outreach, with generally modest price moves and one notable divergence on positive project news.

Recent Company History

Over the past month, Plug’s news flow has focused on strategic outreach and capital structure flexibility. On January 27, the company urged votes for proposals at the special meeting, following a January 20 Reddit AMA centered on the same topics, including potential reverse stock split scenarios. Earlier in January, Plug highlighted a 100 MW electrolyzer installation at Galp’s Sines refinery and participated in two major energy and utilities conferences. Today’s announcement continues the pattern of intensive investor engagement around the adjourned special meeting and its key charter proposals.

Market Pulse Summary

This announcement centers on an investor Q&A ahead of the adjourned special meeting, emphasizing the...

Analysis

This announcement centers on an investor Q&A ahead of the adjourned special meeting, emphasizing the need for additional votes on Proposals 1 and 2, which already have 92.63% and 89.09% support of votes cast but lower participation of outstanding shares. The company estimates it needs an extra 13.07% and 3.14% of outstanding shares in favor. Investors may monitor turnout, approval thresholds, and the stated contingency of a reverse stock split if Proposal 2 is not approved.

Key Terms

reverse stock split, definitive proxy statement, special meeting of stockholders, u.s. securities and exchange commission, +1 more

5 terms

reverse stock split financial

"If Proposal 2 is not approved, the Company will proceed with a reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

definitive proxy statement regulatory

"Plug has filed a definitive proxy statement and other relevant documents with the U.S. Securities"

A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.

special meeting of stockholders regulatory

"regarding the proposals to be voted on at the Company’s adjourned Special Meeting of Stockholders"

A special meeting of stockholders is an unscheduled gathering called to let shareholders vote on specific, often urgent company decisions—like mergers, major asset sales, changes to the board, or amendments to governing rules. Think of it as an emergency town hall where owners cast ballots in person or by mail/online; outcomes can materially change a company’s strategy, control or value, so investors pay close attention and may need to vote or adjust holdings accordingly.

u.s. securities and exchange commission regulatory

"documents with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Special Meeting."

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

proxy solicitor financial

"You may also connect with the Company’s proxy solicitor, Sodali & Co, at plug@investor.sodali.com"

A proxy solicitor is a professional firm or individual hired by a company or a shareholder to contact other shareholders and gather their votes or signed proxy cards for an upcoming shareholder meeting. Think of them as paid canvassers who explain proposals and collect votes; their work can determine outcomes like board elections, mergers, or policy changes and signals how contested or important a vote is to investors.

AI-generated analysis. Not financial advice.

SLINGERLANDS, N.Y., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) will host an investor question-and-answer discussion on Monday, February 2, 2026 to provide all stockholders with an opportunity to ask questions regarding the proposals to be voted on at the Company’s adjourned Special Meeting of Stockholders on Thursday, February 5, 2026 at 10:00 a.m. ET. At the Special Meeting, Proposals 1 and 2 require the affirmative vote of a majority of the Company’s outstanding shares. The meeting was adjourned to provide stockholders additional time to vote and to facilitate broader participation.

As of the date of the Special Meeting, approximately 92.63% and 89.09% of the votes cast supported Proposals 1 and 2, respectively, but only approximately 36.93% and 46.86% of the Company’s outstanding shares were represented. The Company estimates it needs an additional 13.07% of the outstanding shares voted in favor of Proposal 1 and an additional 3.14% voted in favor of Proposal 2 to satisfy the applicable voting requirement.

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.

The call will be limited to addressing stockholder questions regarding the proposals presented at the Special Meeting.

The Company urges all eligible stockholders to vote promptly to ensure their views are represented by following the detailed instructions on the Company’s website, www.plugpower.com. You may also connect with the Company’s proxy solicitor, Sodali & Co, at plug@investor.sodali.com for assistance in voting your shares.

Join the call:
• Date: February 2, 2026
• Time: 10:00 am ET
• Toll-free: 877-407-9221 / +1 201-689-8597
• Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1751565&tp_key=d3efc9f414

The webcast will also be accessible from the Plug homepage (www.plugpower.com). A replay of the call will be available online for a period of time following the event.

Important Additional Information and Where to Find It

Plug has filed a definitive proxy statement and other relevant documents with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Special Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY because they contain important information about the matters to be voted on at the Special Meeting. Stockholders may obtain copies of these documents free of charge at the SEC’s website at www.sec.gov or on Plug’s website at www.plugpower.com.

Participants in the Solicitation

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the Special Meeting. Information about the Company’s directors and executive officers is outlined in the definitive proxy statement for the 2025 Annual Meeting of Stockholders, which was filed with the SEC on June 9, 2025, and information about their ownership of Plug’s stock is outlined in the definitive proxy statement for the Special Meeting filed with the SEC on December 12, 2025.

MEDIA CONTACT
Teal Hoyos
media@plugpower.com

FAQ

What is the purpose of Plug's (PLUG) February 2, 2026 investor Q&A?

The Q&A is to allow stockholders to ask questions about the proposals before the adjourned Special Meeting. According to the company, the session is limited to questions regarding Proposals 1 and 2 and aims to broaden participation ahead of the February 5, 2026 vote.

What voting shortfall does Plug (PLUG) report for Proposal 1 and Proposal 2 as of the adjourned Special Meeting?

Plug estimates it needs an additional 13.07% of outstanding shares for Proposal 1 and 3.14% for Proposal 2. According to the company, those gaps reflect low shares represented despite ~92.63% and ~89.09% support among votes cast.

What happens if Proposal 2 is not approved at Plug's (PLUG) Special Meeting on February 5, 2026?

If Proposal 2 is not approved, the company will proceed with a reverse stock split to increase authorized common shares available for issuance. According to the company, the reverse split is the fallback action intended to address share authorization needs.

How can Plug (PLUG) stockholders join the February 2, 2026 Q&A and where is the webcast?

Stockholders can join by toll-free phone or the direct webcast link provided by the company. According to the company, the webcast is available at the event link and from Plug's homepage, with a replay accessible online after the call for a limited time.

How should Plug (PLUG) investors cast their votes for the adjourned Special Meeting on February 5, 2026?

Investors are urged to vote promptly using the company’s detailed instructions on its website or via the proxy solicitor. According to the company, stockholders can obtain voting assistance from Sodali at plug@investor.sodali.com and review proxy materials on SEC.gov.