Plug Power Shareholder Vote Fails on Quorum | Reverse Split vs Dilution Showdown

Описание: Plug Power’s highly anticipated Special Meeting of Stockholders has been adjourned after failing to meet the required quorum—despite overwhelming support from those who did vote. Under the company’s bylaws, approval requires a majority of all outstanding shares, not just votes cast, and that threshold wasn’t reached.
Now, all eyes shift to February 5, 2026, when the reconvened meeting could determine whether Plug pursues increased authorized shares or is forced down the controversial reverse stock split path.
While governance uncertainty weighs on sentiment, Plug continues to make operational progress, highlighted by the successful installation of 100 MW of electrolyzers at Galp’s Sines refinery in Portugal, one of Europe’s largest green hydrogen projects.
With volatile price action, heavy options activity, and shareholders split between dilution fears and reverse split anxiety, this next vote could be a defining moment for $PLUG’s future capital structure.
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