secwatch.observer — SEC 8-K summary
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Issuer:     Capstone Energy Plus, Inc. (CGEH)
CIK:        0001009759
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001558370-23-019179
Event type: other_material
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capstone Green Energy receives court confirmation of Chapter 11 plan; secures additional $3M DIP financing
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- Bankruptcy Court confirmed prepackaged Chapter 11 plan on Nov 14, 2023; plan includes $7.0M exit financing (up from $5.0M).
- Entered First Amendment to DIP Note Purchase Agreement on Nov 15; waived certain milestone breaches.
- Issued $3.0M in new money DIP notes to fund restructuring, working capital; interest at SOFR + 8.75% payable in kind.
- Upon emergence, company becomes private holding trademarks and distributor support; Capstone Turbine International renamed as successor public co.
- Post-emergence officers: Robert C. Flexon Interim President/CEO, John J. Juric CFO; board of 5 named.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023019179/0001558370-23-019179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009759/000155837023019179/cgrn-20231109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019179

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