By: Andy Marsh, Plug CEO and Executive Chairman
We are making good progress in obtaining approval for Proposal 2, increasing the number of authorized shares available for issuance. As of Thursday, the number of votes required has been reduced by almost two-thirds, and is now in about 1% of the total balance shares required to pass the proposal. That progress would not have been possible without the support of our shareholders. Thank you.
We're close, but we're not done yet.
If you didn't vote, or if you voted no or don't vote, I ask you to reconsider. If proposal 2 does not pass, the company will need to use a reverse stock split to increase the number of its authorized shares available for issuance to meet our contractual obligations—an outcome that no one wants.
If you haven't voted yet, please do so. Every vote really counts.
Below is a reminder of how to vote on Proposition 2.
- Charles Schwab / TD Ameritrade
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]”, or “Connectivity”
You can log into your online account, use the keyword “proxy events” in the search bar, and navigate to proxy events.
If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
- Trust / National Financial Services
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]“,”[email protected]“,”[email protected]”, or “Connectivity”
Follow the instructions in the email. If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]”, or “Connectivity”
If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]”, or “Connectivity”
Follow the instructions in the email by clicking the “Vote” icon.
If you have not received your proxy voting materials in the mail, contact your broker immediately to request a control number to vote online.
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]”, or “Connectivity”
If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
To vote online, you will need to search for a specific email in your inbox. Please also check your spam or junk folder. The email may come from one of several different addresses. Search for email received in recent weeks using the following keywords:
“[email protected]”, or “Connectivity”
If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
Search your inbox for “Plug Power” or the domains below that support proxy voting.
“[email protected]”, “@proxydocs.com”, “@proxypush.com”
If you have not received your proxy voting materials by email or mail, contact your vendor as soon as possible to request a control number to vote online.
Some retailers outside the US do not allow retail shareholders to vote. Please contact your dealer immediately if you have not received representative materials regarding the Plug Power special assembly.
More Questions?
Contact the Company's attorney, Sodali & Co, at (833) 924-7453 or [email protected].
Important Additional Information and Where to Find It
Plug has filed a definitive proxy statement and other related documents with the US Securities and Exchange Commission (“SEC”) regarding the Special Meeting. INVESTORS AND SECURITY PERSONS ARE ENCOURAGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS TO BE FILED WITH CARE AND AT ALL BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE MATTERS TO BE VOTED AT THE SPECIAL MEETING. Stockholders may obtain copies of these documents free of charge at the SEC's website at www.sec.gov or at Plug's website at www.plugpower.com.
Participants in the Request
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 disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders, which was filed with the SEC on June 9, 2025, and information about their ownership of Plug stock is described in the proxy statement for the Special Meeting filed on 0 December 25, 2 December 2, 2025.