Understanding Plug Power’s Special Supervoting Preferred for the Reverse Stock Split Vote
On June 5, 2025, Plug Power implemented a unique corporate governance tool: it issued a single share of Series F Mirroring Preferred Stock with super voting rights for the sole purpose of magnifying the vote of common shareholders who vote on the reverse stock split proposal. So, what does this special preferred share actually do? Plug Power is asking shareholders to approve a reverse stock split at the upcoming annual meeting on July ...
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