---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016108"
form_type: "8-K"
ticker: "CGEH"
cik: "0001009759"
company_name: "Capstone Energy Plus, Inc."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:20:27.125713+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Capstone Green Energy files Chapter 11; Nasdaq delisting expected Oct 5

## Summary
- Filed voluntary Chapter 11 petitions on Sept 28, 2023, with TSA from Goldman Sachs affiliate.
- DIP financing of $30M ($12M new money + $18M roll-up) at SOFR + 8.75% interest.
- Plan: become private company; stockholders get 100% of Reorganized PublicCo equity (subject to dilution).
- Nasdaq delisting notice received Sept 26 for failure to meet MVLS rule; no appeal planned, suspension Oct 5.
- General unsecured claims to be paid in full in cash; all other equity interests cancelled.

## SEC filing metadata
- accession: 0001558370-23-016108
- form_type: 8-K
- ticker: CGEH
- cik: 0001009759
- company_name: Capstone Energy Plus, Inc.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 8.01, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/0001558370-23-016108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/cgrn-20230926x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016108
- JSON: https://secwatch.observer/filing/0001558370-23-016108.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016108.txt

## Key facts
- Distress & Bankruptcy
  Capstone Energy Plus, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-09-28).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-09-28
  source text: On September 28, 2023 (the “Petition Date”), Capstone Green Energy Corporation (the “Company”) and its wholly-owned subsidiaries, Capstone Turbine International, Inc. (“Capstone Turbine International”) and Capstone Turbine Financial Services, LLC, (together with the Company, the “Debtors”), filed voluntary petitions (the “Chapter 11 Cases”) for relief under chapter 11 of title 11 (“Chapter 11”) of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/0001558370-23-016108-index.htm
- Listing & Compliance Notices
  Capstone Energy Plus, Inc. received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C), 5110(b)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: market value
  - Rules: 5550(b)(2), 5810(c)(3)(C), 5110(b)
  source text: September 26, 2023, the Company received written notice (the “Delisting Letter”) from Nasdaq that the Company has not regained compliance with Nasdaq Listing Rule 5550(b)(2) for the MVLS within the Compliance Period in accordance with Nasdaq Listing Rule 5810(c)(3)(C). Accordingly, unless the Company requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s Common Stock will be suspended at the opening of business on October 5, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/0001558370-23-016108-index.htm

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