Plug Power Adjourns Stockholder Meeting

Plug Power Inc. has adjourned its Special Meeting of Stockholders until February 5, 2026, to allow more time for stockholders to vote on Proposals 1 and 2. These proposals require the affirmative vote of a majority of the company's outstanding shares. As of the initial meeting date, while a high percentage of votes cast supported the proposals, the overall participation rate was insufficient to meet the voting requirements. Specifically, the company needs an additional 13.07% and 3.14% of outstanding shares to vote in favor of Proposal 1 and Proposal 2, respectively. CEO Andy Marsh emphasized that Proposal 2, a charter amendment, is a more stockholder-responsive alternative to a reverse stock split, which the company will pursue if Proposal 2 is not approved. Plug Power Inc. is urging all eligible stockholders to vote promptly and is providing assistance through its proxy solicitor, Sodali & Co.