A significant portion of plug shares in loans to short sellers from retail investors. When your shares are pledged, you are not a beneficial owner for voting purposes, which means you may lose the power to vote on critical company matters disclosed in the newly filed statement.
That's more important than ever, especially for retail investors. The plug announced a special meeting of company owners January 15, 2026where shareholders will vote on key proposals that support the company's strategic flexibility and long-term value.
The Board of Directors recommends a vote on both proposals
In a special session, the plug will ask app owners to agree:
- A plug charter amendment to increase the authorized common stock from 1.5 billion shares to 3.0 million.
- The plug charter amendment aligns the company's voting standards with the latest amendments to Delaware law.
With less than 0.4% of authorized shares outstanding, the increase in common stock provides significant flexibility for capital requirements, contractual obligations, equity programs, and strategic purchases. The level of the Company's share request was determined, in part, through discussions with the Corporate Surmation Advisor and Proxy Research Firm, ISS, to ensure that its interests are aligned with all shareholders.
What happens if the proposal does not pass?
This vote is very important to the retail shareholders. The plug is required to obtain additional shares to meet the contractual requirements for the bond and warrants, which will require a reverse stock split.
Allowances for dividend increases provide the flexibility to find the flexibility to increase growth and capital selection without starting too quickly. Voting for proposals allows the plug to move forward in a powerful state, and a failed vote will make the stock look like a priority in the main way forward.
Your participation sends a clear message to the market: Retail investors are engaged, committed, and committed to the long-term success of the plug. By ensuring your shares are ready to vote and cast your proxy, you help support the power of the plug to avoid retroactive stock splits while maintaining strategic and operational flexibility.
Always voting news, and your voice adds real weight.
What You Can Do Today:
The writing date is December 4, 2025. Only the shareholders who have the benefits that they personally had on that day can vote. If your shares are borrowed, pledged, or held on margin, you may not be able to vote unless they are returned to your account before the pickup date. Processing times vary by merchant, and the plug cannot guarantee a payment date for recalled stocks. Many investors do not know that their broker has withdrawn their shares, especially given the significant short interest in the plug.
1. Check and disable the sharing loan
In your BrokerAge account:
- Go to: Account → Settings → Investments → stocks
- On other platforms, search for “security loan” or “air loan” or disable it
When borrowing is disabled, future shares in your account will not be borrowed, preserving your voting rights. For details, please contact your dealer directly.
2. Remember your shares before December 4
If your shares have already been loaned, contact your broker immediately and ask for your shares to be returned before the record date. Suggested language:
“Please remember all the shares borrowed from my account before December 4, 2025, so I can vote on the plug waphon
Your dealer can provide information on time and processing.
Make sure your investment has a say: Here's how
Once you have found the physical properties:
- Vote online, by phone, or by mail
- Follow the instructions provided by your dealer or included in the company's proprietary materials
- When voting, please consider supporting:
- Increase in Authorized Shares
- Renewing the Charter Voting Standard
Why Your Participation Matters
Plug continues to make meaningful progress across its business, underscoring the company's position as a global leader in integrated hydrogen solutions. Our ecosystem works at scale today, with a total production rate of 40 tons of hydrogen per day with 97% uptime and 99.7% availability in georgia, showing strong performance in plug-to-end technology; Advancing the 8 GW-Plus electrolyzezer pipeline in key global markets; and Resistors and Industries and the following systems of Fuel Cells.
Important important information and where to find it
For additional information regarding the proposals to be made at the special meeting, please see the company's proxy statement. Investors are urged to read the proxy statement when available and any other relevant documents filed with the SEC because it will contain important information. You will be able to obtain the documents for free on the website maintained by the SEC at: 1Sec.Gov. Copies of the documents filed with the SEC by the company will also be available to stockholders of the company free of charge on the plug website at www.ploulplower.com or by contacting
Participants in the proxy offering
The company and its directors and executive officers may be deemed participants in the issuance of proxies from the company's stockholders in connection with the special meeting. Information about the directors and senior officers of the company is described in the proxy statement for the 2025 Annual Meeting of the company Stone 9, 2025, and information about the gay company is described in the Preliminary proxy statement.
This communication is not a solicitation of any vote or endorsement. No proxy card, voting instruction form, or other means of voting will be accepted by Plug or any of its representatives at this time.