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H2-View News: US hydrogen firm Plug urges shareholders to back share issuance changes
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H2-View News: US hydrogen firm Plug urges shareholders to back share issuance changes
It comes as the company looks to build up cash reserves as it continues to burn cash. In a blog post addressed to investors, outgoing CEO Andy Marsh framed the vote as a necessary step to keep the company operating smoothly, arguing the firm’s proposed amendments are being blocked by low voter participation. Plug has offered two proposals that would give it significantly more power in raising capital through equity issuance. The first would amen…
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