Capstone Energy Plus, Inc. (CGEH): Nasdaq/NYSE listing notice — Capstone Green Energy receives Nasdaq notices for delayed filings and bid price; CEO Flexon appointed with $600K salary

Capstone Energy Plus, Inc.

Nasdaq notified Capstone of non-compliance for not filing 10-K (FY Mar 31, 2023) and 10-Q (Jun 30, 2023).
Bid price deficiency: shares closed below $1.00 for 30 consecutive business days (Jul 28-Sep 11, 2023).
Company has 180 days, until Mar 11, 2024, to regain bid price compliance; also faces MVLS deadline Sep 25, 2023.
Robert C. Flexon appointed Interim CEO and Executive Chairman, effective Aug 22, 2023; annual base salary $600,000.
The Nasdaq notices are deficiency notifications, not imminent delisting; risks remain significant.

item 3.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Robert C. Flexon

Interim President and Chief Executive Officer

CGEH · Capstone Energy Plus, Inc.

Effective: 2023-08-22
Filed: September 15, 2023, 7:59 PM ET

the Board of Directors (the “Board”) of the Company had appointed Robert C. Flexon, the Company’s then current Chairman of the Board, to serve as Interim President and Chief Executive Officer, effective August 22, 2023.

Role change

Robert C. Flexon

Executive Chairman

CGEH · Capstone Energy Plus, Inc.

Effective: 2023-08-09
Filed: September 15, 2023, 7:59 PM ET

Mr. Flexon also transitioned from the role of Chairman of the Board to Executive Chairman, effective August 9, 2023.

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 noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

September 12, 2023, Capstone Green Energy Corporation (the “Company”) received a written notice (the “Periodic Filing Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 10-K for the year ended March 31, 2023. The Company has also failed to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. On August 18, 2023, the Company filed a Current Report on Form 8-K announcing

View on SEC.gov

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

Capstone Energy Plus, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

September 12, 2023, Capstone Green Energy Corporation (the “Company”) received a written notice (the “Periodic Filing Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 10-K for the year ended March 31, 2023. The Company has also failed to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. On August 18, 2023, the Company filed a Current Report on Form 8-K announcing

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert C. Flexon was appointed as Interim President and Chief Executive Officer at Capstone Energy Plus, Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) of the Company had appointed Robert C. Flexon, the Company’s then current Chairman of the Board, to serve as Interim President and Chief Executive Officer, effective August 22, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert C. Flexon changed role as Executive Chairman at Capstone Energy Plus, Inc..

Action: transitioned
Role: Executive Chairman

Exact text from the filing

Mr. Flexon also transitioned from the role of Chairman of the Board to Executive Chairman, effective August 9, 2023.

View on SEC.gov

20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Capstone Energy Plus, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-015767

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