1. Business and Organization

Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation, together with its consolidated operating subsidiary Capstone Green Energy LLC (the “Operating Subsidiary”) is a provider of customized microgrid solutions, on-site resilient Energy-as-a-Service (“EaaS”) solutions and distributed on-site energy technology systems. The Company provides behind-the-meter microturbine energy solutions for industrial and commercial customers, including applications for data centers, station power, and port operations, focused addressing the “Energy Trilemma” of resiliency, sustainability, and affordability.

The Company’s offerings include stationary distributed power generation and energy distribution solutions, including cogeneration systems such as combined heat and power (“CHP”), integrated combined heat and power (“ICHP”), and combined cooling, heat and power (“CCHP”), as well as solutions for renewable energy, natural resources, and critical power supply applications. The Company’s inverter-based technologies enable operation in parallel with the electric grid or in island mode within localized microgrids.

The Company’s energy conversion products business line is driven by its industry-leading, highly efficient, low-emission and resilient microturbine energy systems, which offer configurations and customer-tailored solutions. Through its EaaS business line, the Company provides build, own, operate and maintain (“BOOM”) and energy rental solutions utilizing its microturbine energy systems.

The Company offers long-term maintenance agreements (LTMAs) that reduce operating risk and provide predictable maintenance costs over the life of the equipment, with flexible access to Original Equipment Manufacturer (“OEM”) parts.

As a result of past delays in filing the Company’s periodic reports with the Securities Exchange Commission (the “SEC”) and the requirements relating to Market Value of Listed Securities (“MVLS”), the Company was unable to comply with the Nasdaq listing standards, and as a result, the Company’s common stock was suspended from trading on the Nasdaq Capital Market effective October 5, 2023 and formally delisted effective October 23, 2023. Following completion of the financial statement restatements for Fiscal 2022 and 2023 and completion of the filings for Fiscal 2024, the Company became current with all periodic filings with the SEC. Effective January 2, 2025, the Company’s common stock began trading on the over-the-counter market (“OTC”). On September 26, 2025, the Company’s common stock was approved for quotation on the OTCQX Best Market, under the symbol “CGEH.”

All references in these footnotes to “the Company,” “we,” “us,” “our,” or “Capstone” are to Capstone Green Energy Holdings, Inc. and its consolidated subsidiaries.