secwatch.observer — SEC 8-K summary
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Issuer:     Capstone Energy Plus, Inc. (CGEH)
CIK:        0001009759
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001558370-23-016108
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 8.01, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/0001558370-23-016108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023016108/cgrn-20230926x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016108

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