Capstone Green Energy successfully concluded its Chapter 11 bankruptcy restructuring on December 7, 2023. For detailed information, you can refer to the official press release here. As part of the restructuring, Capstone substantially reduced its indebtedness and secured an additional $7 million in new financing. Following these transactions, Capstone Green Energy Holdings, Inc. now operates the Capstone business with a 62.5% controlling interest in a newly formed operating subsidiary, Capstone Green Energy LLC.
At present, during this transitional phase, Capstone Green Energy Holdings, Inc. does not have an assigned ticker symbol. As the Company progresses through this period of change, investors and stakeholders are advised to stay tuned for official announcements regarding the reinstatement of a ticker symbol.
With the conclusion of the bankruptcy court proceedings, all existing common shares of Capstone Green Energy Corporation have been canceled. Stockholders have been issued one (1) share of common stock of Capstone Green Energy Holdings, Inc. for each canceled share of common stock of Capstone Green Energy Corporation.
Yes. Capstone Green Energy Holdings, Inc. has announced that it is the successor to Capstone Green Energy Corporation’s SEC filing obligations and will continue to file current and periodic reports with the SEC. The Company’s SEC Filings can be found here. Capstone Green Energy Holdings, Inc. continues to work on the restatement of previously issued financial statements, which was announced by Capstone Green Energy Corporation in September 2023.
Capstone Green Energy Corporation underwent dissolution in its Chapter 11 proceedings, resulting in the loss or suspension of the CGRN/CGRNQ ticker. Once the Company successfully completes its restatements and brings all of its delinquent filings to a current status, it will work towards regaining its original ticker symbol, CGRN, and to qualify for quotation of the Company’s common stock on the OTC Pink Market.
To locate your Capstone shares during this transitional period, it is advisable to engage a licensed brokerage firm. Utilize either the CUSIP number (14067D607) or the ISIN number (US14067D6076) associated with the Company's common stock. These unique identifiers are essential for accurate tracking and retrieval of shares during the current transition. Reach out to your brokerage firm, providing them with the pertinent CUSIP or ISIN numbers to access information about your Capstone shares and obtain the latest updates on the status of your holders of Capstone shares. Registered holders may contact our transfer agent, Broadridge Financial Solutions, LLC at email@example.com. Capstone’s service provider, Kroll, is also available to answer questions regarding the exchange of shares at CapstoneIssuerServices@is.kroll.com.
Please contact your broker to discuss options for buying and selling Capstone Green Energy Holdings, Inc. common stock while the common stock remains unquoted and without a ticker symbol. Non-accredited investors may be restricted from trading in the common stock during the transition period.
We were organized in 1988 under the Capstone Turbine Corporation name. On June 22, 2000, we reincorporated as a Delaware corporation.
Capstone Green Energy Corporation became a public company on June 29, 2000, as Capstone Turbine Corporation trading on the NASDAQ Capital Market under the ticker symbol CPST. Capstone Turbine Corporation became Capstone Green Energy Corporation and the ticker symbol was changed to CGRN on April 22, 2021.
On October 5, 2023, the Company was officially delisted from the NASDAQ Capital Markets and has since transitioned its trading activities to the OTC Markets, where it can be found under the ticker symbol CGRNQ.
- On November 9, 2015 Capstone Green Energy effected a one-for-twenty reverse stock split.
- On October 22, 2019 Capstone Green Energy effected a one-for-ten reverse stock split.
16640 Stagg Street
Van Nuys, CA 91406
United States of America
- The fiscal year begins on April 1 and concludes on March 31
- The First quarter begins on April 1 and concludes on June 30
- The Second quarter begins on July 1 and concludes on September 30
- The Third quarter begins on October 1 and concludes on December 31
- The Fourth quarter begins on January 1 and concludes on March 31
Capstone Green Energy is classified as a Smaller Reporting Company and non-accelerated filer by the SEC, whereas the quarterly 10-Q must be filed within 45 days of the end of a quarter, and the annual 10-K must be filed within 90 days of the fiscal year which is March 31st. The earning calls are held prior to the filing of the 10-Q or 10-K and are announced via a press release, generally two weeks prior to the earnings release date.
Capstone Green Energy holds its Annual Meeting of Stockholders in late August or early September. Stockholders are informed of the date, time and location by Proxy that is distributed in advance of the meeting, and a notice is placed on the Investor Relations section of the Company website.
Capstone Green Energy’s Transfer Agent is Broadridge Corporate Issuer Solutions, Inc. Registered owners may contact them to inquire about address changes, stock transfers, and all other account matters.
Broadridge Corporate Issuer Solutions, Inc.
P.O. Box 1342
Brentwood, NY 11717
T: 1-(877)-830-4936 (Domestic) or 1-(720)-378-5591 (International)
1920 Main Street
Irvine, CA 92614
Katten Muchin Rosenman LLP
525 W. Monroe Street
Chicago, IL 60661-3693
T: (312) 902-5493
Capstone Green Energy
16640 Stagg Street
Van Nuys, CA 91406
T: (818) 407-3628