Capstone Energy Plus, Inc. (CGEH): Nasdaq/NYSE listing notice — Capstone Green Energy receives Nasdaq deficiency notice for MVLS below $35M

Capstone Energy Plus, Inc.

MVLS below $35M minimum for 30 consecutive business days as of March 28, 2023.
Company also fails alternative listing standards under Rules 5550(b)(1) and 5550(b)(3).
180-day cure period until September 25, 2023; compliance could be regained with MVLS at $35M+ for 10 consecutive days.
Notice is a deficiency notification only; no immediate effect on listing or trading of CGRN common stock.
If non-compliance persists, Nasdaq will initiate delisting; Company may appeal to a Hearings Panel.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Capstone Energy Plus, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)

Exact text from the filing

March 28, 2023, Capstone Green Energy Corporation (the “Company”) received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the minimum of $35 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Notice states that the Company also does not meet the requirements under Listing Rules 5550(b)(1) and 5550(b)(3), which set forth alt

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Capstone Energy Plus, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-005275

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