{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-015948","form_type":"8-K","ticker":"CGEH","cik":"0001009759","company_name":"Capstone Energy Plus, Inc.","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.852174+00:00","generated_at":"2026-06-10T09:28:06.524477+00:00","sec_items":["1.01","2.03","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Capstone Green Energy restates financials for bill-and-hold revenue errors, issues $3M in notes","bullets":["Company issued $3M additional senior secured notes at SOFR+8.75%, due Sept 2024, to fund operations.","Audit committee found FY2021, FY2022, and first three quarters of FY2023 financials are materially incorrect.","Errors relate to bill-and-hold revenue recognition; restatement not yet completed, full impact undetermined.","Company has not timely filed FY2023 10-K or FY2024 Q1 10-Q; FY2024 Q2 10-Q may also be delayed.","Negotiations with lender for near-term financing resolution ongoing, but no assurance of success."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-015948","json":"https://secwatch.observer/filing/0001558370-23-015948.json","markdown":"https://secwatch.observer/filing/0001558370-23-015948.md","text":"https://secwatch.observer/filing/0001558370-23-015948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009759/000155837023015948/0001558370-23-015948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009759/000155837023015948/cgrn-20230919x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:28:06.524477+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a8f0c25946dd54622286371bcf727a116aa8b19","claim":"Capstone Energy Plus, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"the Company’s previously issued consolidated financial statements as of each and for each of the following fiscal periods are materially incorrect, require restatement and should no longer be relied upon","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837023015948/0001558370-23-015948-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Marcum LLP"}],"fact_type":"auditor_change"},{"claim_id":"63040b5be6104f3535140b6bc8f1123e343b96b7","claim":"Capstone Energy Plus, Inc. incurred senior notes of $3,000,000 with Goldman Sachs Specialty Lending Group, L.P. at SOFR Rate plus 8.75% per annum maturing September 1, 2024.","evidence_excerpt":"the Company issued and the Purchaser purchased for $3,000,000 in cash additional senior secured notes on the Effective Date (the “Additional Notes”). The Additional Notes bear interest at the SOFR Rate plus 8.75% per annum","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837023015948/0001558370-23-015948-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$3,000,000"},{"label":"Counterparty","value":"Goldman Sachs Specialty Lending Group, L.P."},{"label":"Rate","value":"SOFR Rate plus 8.75% per annum"},{"label":"Maturity","value":"September 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ce2fe78d3c2fbd7cbaf08979a9d7ba4aaaf8570b","claim":"Capstone Energy Plus, Inc. amended Sixth Amendment with Goldman Sachs Specialty Lending Group, L.P. valued at $3,000,000 (effective 2023-09-22).","evidence_excerpt":"On September 22, 2023 (the “Effective Date”), Capstone Green Energy Corporation (the “Company”) entered into a Sixth Amendment (the “Sixth Amendment”) to the Amended and Restated Note Purchase Agreement dated October 1, 2020","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837023015948/0001558370-23-015948-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Goldman Sachs Specialty Lending Group, L.P."},{"label":"Value","value":"$3,000,000"},{"label":"Effective","value":"2023-09-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}