SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2021
CAPSTONE GREEN ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
16640 Stagg Street,
Van Nuys, California
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
Former name or former address, if changed since last report: N/A
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange on which registered
Common Stock, par value $.001 per share
NASDAQ Capital Market
Series B Junior Participating Preferred Stock Purchase Rights
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ◻
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻
Item 8.01Other Events.
As previously announced, on April 24, 2020, Capstone Green Energy Corporation (the “Company”), executed a Note with Western Alliance Bank, an Arizona corporation (“Western Alliance”), evidencing an unsecured loan in the amount of $2,610,200.00 (the “PPP Loan”) under the U.S. Small Business Administration (the “SBA”) Paycheck Protection Program (the “PPP”) enabled by the Coronavirus Aid, Relief, and Economic Security Act. On May 13, 2020, the Company repaid $660,200 of the PPP Loan in accordance with its Note Purchase Agreement between the Company and Goldman Sachs Specialty Lending Group, LP.
On June 30, 2021, the Company received notification from Western Alliance that the SBA, as administrator of the PPP, had approved the Company’s PPP Loan forgiveness application for $2,610,200.00 and all accrued interest on the PPP Loan (including the amount that had previously been repaid by the Company), leaving the Company with a no remaining balance on its PPP Loan. The Company also received a refund of $660,200.00.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CAPSTONE GREEN ENERGY CORPORATION
Date: July 1, 2021
/s/ Frederick S. Hencken III
Name: Frederick S. Hencken III
Title: Chief Financial Officer (Principal Financial Officer)