secwatch.observer — SEC 8-K summary
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Issuer:     Capstone Energy Plus, Inc. (CGEH)
CIK:        0001009759
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001558370-23-015767
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/0001558370-23-015767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023015767/cgrn-20230912x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015767

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