---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016210"
form_type: "8-K"
ticker: "CGEH"
cik: "0001009759"
company_name: "Capstone Energy Plus, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:08:49.008933+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Capstone Green Energy files Chapter 11, secures $30M DIP financing, restricts stock transfers

## Summary
- Filed voluntary Chapter 11 petitions on Sept 28, 2023 in Delaware Bankruptcy Court.
- DIP Note Purchase Agreement (Oct 2) for $30M: $12M new money, $18M roll-up; SOFR + 8.75% PIK interest.
- Court entered interim DIP order on Oct 2; first-day motions approved Sept 29 to maintain operations.
- NOL order restricts common stock transfers: holders of >=832,500 shares (4.5%) must file declaration and obtain court clearance.
- Company cautions that stock trading during Chapter 11 is highly speculative and may not reflect actual recovery.

## SEC filing metadata
- accession: 0001558370-23-016210
- form_type: 8-K
- ticker: CGEH
- cik: 0001009759
- company_name: Capstone Energy Plus, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016210/0001558370-23-016210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016210/cgrn-20230929x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016210
- JSON: https://secwatch.observer/filing/0001558370-23-016210.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016210.txt

## Key facts
- Material Agreements
  Capstone Energy Plus, Inc. entered into Super-Priority Senior Secured Debtor-In-Possession Note Purchase Agreement with Broad Street Credit Holdings LLC valued at $30.0 million (effective 2023-10-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Broad Street Credit Holdings LLC
  - Value: $30.0 million
  - Effective: 2023-10-02
  source text: on October 2, 2023, the Company entered into the DIP Note Purchase Agreement, which provides for $30.0 million in debtor-in-possession notes, consisting of $12.0 million of new money (the “New Money DIP Notes”) and a roll up of $18.0 million of Pre-Petition Secured Claims (the “Roll Up DIP Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009759/000155837023016210/0001558370-23-016210-index.htm

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