---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015767"
form_type: "8-K"
ticker: "CGEH"
cik: "0001009759"
company_name: "Capstone Energy Plus, Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T15:49:23.670504+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Capstone Green Energy receives Nasdaq notices for delayed filings and bid price; CEO Flexon appointed with $600K salary

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-015767
- form_type: 8-K
- ticker: CGEH
- cik: 0001009759
- company_name: Capstone Energy Plus, Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/cgrn-20230912x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015767
- JSON: https://secwatch.observer/filing/0001558370-23-015767.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015767.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm
- Executive change
  Robert C. Flexon changed role as Executive Chairman at Capstone Energy Plus, Inc..
  - Action: transitioned
  - Role: Executive Chairman
  source text: Mr. Flexon also transitioned from the role of Chairman of the Board to Executive Chairman, effective August 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.