secwatch.observer — SEC 8-K summary
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Issuer:     Capstone Energy Plus, Inc. (CGEH)
CIK:        0001009759
Form:       8-K12G3
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001104659-23-124877
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.03, 3.02, 3.03, 5.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capstone emerges from Chapter 11; new equity structure and $27.6M exit notes
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- Effective Dec 7, 2023, Capstone Green Energy Holdings, Inc. emerged from Chapter 11 as the successor reporting issuer.
- Exit facility: roll-up of $12.6M DIP new money and $8.0M DIP roll-up notes plus $7.0M new money ($3.0M drawn), SOFR+7.00%.
- New Subsidiary ownership: New Capstone 62.5% common units; Reorganized PrivateCo 37.5% preferred units.
- Services fee capped at $2.5M for FY2023; trademark license $100K annual royalty.
- Minimum liquidity covenant ramps from $2M (June 2024) to $4M (Mar 2026); EBITDA covenant starts at $1M (Mar 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009759/000110465923124877/0001104659-23-124877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009759/000110465923124877/tm2332548d1_8k12g3.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-124877

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer