secwatch.observer — SEC 8-K summary
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Issuer:     Capstone Energy Plus, Inc. (CGEH)
CIK:        0001009759
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001558370-23-015108
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capstone Green enters Fifth Amendment waiving covenant breach; receives Nasdaq deficiency notice
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- Fifth Amendment waives covenant breach and missed interest payment; sets minimum liquidity at $3.5M through Sept 2024.
- Milestones for Transaction Support Agreement: terms by Aug 22, definitive docs by Aug 31, close by Sept 15; may include bankruptcy.
- Nasdaq notified late 10-Q (Jun 30, 2023) and 10-K (Mar 31, 2023); 60 days to submit compliance plan, possible extension to Feb 12, 2024.
- Previously disclosed MVLS below $35M minimum; compliance deadline Sept 25, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023015108/0001558370-23-015108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023015108/cgrn-20230816x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015108

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