Capstone Green Energy Holdings Commences Over-The-Counter (OTC) Trading Under Trading Symbol: CGEH
Capstone Green Energy Holdings (OTC:CGEH) has received FINRA notification for the assignment of its new trading symbol 'CGEH', effective January 2, 2025. The company's common stock can now be traded on the OTC Pink Open Market, though with certain limitations. This symbol assignment was initiated by a broker-dealer without Capstone's prior knowledge.
The company has been actively working toward listing on a more prominent platform like OTCQX and has submitted an application for regulatory review. Having recently achieved SEC filing compliance, Capstone is collaborating with OTC Markets and an independent market maker to ensure accurate corporate information representation.
Following reorganization transactions in December 2023, Capstone Green Energy Holdings is the public successor to Capstone Green Energy (CGRN). The company's common stock trades with CUSIP number 14067D607 and ISIN number US14067D6076.
Capstone Green Energy Holdings (OTC:CGEH) ha ricevuto una notifica da FINRA per l'assegnazione del suo nuovo simbolo di negoziazione 'CGEH', con effetto dal 2 gennaio 2025. Le azioni ordinarie dell'azienda possono ora essere trattate sul mercato OTC Pink Open, sebbene con alcune limitazioni. Questa assegnazione del simbolo è stata iniziata da un broker-dealer senza la precedente conoscenza di Capstone.
L'azienda sta lavorando attivamente per quotarsi su una piattaforma più prestigiosa come OTCQX e ha presentato una domanda per la revisione normativa. Dopo aver recentemente raggiunto la conformità con i requisiti di registrazione SEC, Capstone sta collaborando con OTC Markets e un market maker indipendente per garantire una rappresentazione accurata delle informazioni aziendali.
A seguito delle transazioni di riorganizzazione nel dicembre 2023, Capstone Green Energy Holdings è il successore pubblico di Capstone Green Energy (CGRN). Le azioni ordinarie dell'azienda sono negoziate con il numero CUSIP 14067D607 e con il numero ISIN US14067D6076.
Capstone Green Energy Holdings (OTC:CGEH) ha recibido notificación de FINRA para la asignación de su nuevo símbolo de negociación 'CGEH', vigente a partir del 2 de enero de 2025. Las acciones ordinarias de la compañía ahora pueden negociarse en el mercado OTC Pink Open, aunque con ciertas limitaciones. Esta asignación de símbolo fue iniciada por un corredor-dealer sin el conocimiento previo de Capstone.
La empresa ha estado trabajando activamente para listarse en una plataforma más destacada como OTCQX y ha presentado una solicitud para la revisión regulatoria. Tras lograr recientemente el cumplimiento de los requisitos de registro de la SEC, Capstone está colaborando con OTC Markets y un creador de mercado independiente para garantizar una representación precisa de la información corporativa.
Tras las transacciones de reorganización en diciembre de 2023, Capstone Green Energy Holdings es el sucesor público de Capstone Green Energy (CGRN). Las acciones ordinarias de la empresa se negocian con el número CUSIP 14067D607 y con el número ISIN US14067D6076.
캡스톤 그린 에너지 홀딩스 (OTC:CGEH)는 2025년 1월 2일부터 새로운 거래 기호 'CGEH'의 할당에 대한 FINRA 통지를 받았습니다. 회사의 보통주는 이제 OTC 핑크 오픈 마켓에서 거래될 수 있지만 특정 제한이 있습니다. 이 기호 할당은 캡스톤이 사전에 알지 못한 중개인이 시작했습니다.
회사는 OTCQX와 같은 더 저명한 플랫폼에 상장하기 위해 적극적으로 노력하고 있으며, 규제 검토를 위한 신청서를 제출했습니다. SEC 제출 준수를 최근에 달성한 캡스톤은 OTC 마켓과 독립 시장 제작자와 협력하여 정확한 기업 정보의 표현을 보장하고 있습니다.
2023년 12월의 조직 재편성 거래 이후, 캡스톤 그린 에너지 홀딩스는 캡스톤 그린 에너지 (CGRN)의 공적 후계자입니다. 회사의 보통주는 CUSIP 번호 14067D607와 ISIN 번호 US14067D6076으로 거래됩니다.
Capstone Green Energy Holdings (OTC:CGEH) a reçu une notification de FINRA concernant l'attribution de son nouveau symbole de négociation 'CGEH', effective le 2 janvier 2025. L'action ordinaire de la société peut désormais être échangée sur le marché OTC Pink Open, bien que cela comporte certaines limitations. Cette attribution de symbole a été initiée par un courtier sans la connaissance préalable de Capstone.
L'entreprise travaille activement à l'inscription sur une plateforme plus prestigieuse comme l'OTCQX et a soumis une demande de révision réglementaire. Ayant récemment atteint la conformité avec le dépôt auprès de la SEC, Capstone collabore avec OTC Markets et un teneur de marché indépendant pour garantir une représentation précise des informations d'entreprise.
Suite aux transactions de réorganisation en décembre 2023, Capstone Green Energy Holdings est le successeur public de Capstone Green Energy (CGRN). L'action ordinaire de la société est négociée sous le numéro CUSIP 14067D607 et le numéro ISIN US14067D6076.
Capstone Green Energy Holdings (OTC:CGEH) erhielt die Mitteilung von FINRA über die Zuweisung seines neuen Handelssymbols 'CGEH', das am 2. Januar 2025 in Kraft tritt. Die Stammaktien des Unternehmens können jetzt auf dem OTC Pink Open Market gehandelt werden, jedoch mit bestimmten Einschränkungen. Diese Zuweisung des Symbols wurde von einem Makler ohne vorherige Kenntnis von Capstone initiiert.
Das Unternehmen hat aktiv daran gearbeitet, sich auf einer prominenteren Plattform wie OTCQX zu listen und hat einen Antrag zur Überprüfung durch die Aufsichtsbehörden eingereicht. Nachdem Capstone vor kurzem die Compliance mit den SEC-Vorgaben erreicht hat, arbeitet das Unternehmen mit OTC Markets und einem unabhängigen Market Maker zusammen, um eine genaue Darstellungen der Unternehmensinformationen zu gewährleisten.
Nach Umstrukturierungstransaktionen im Dezember 2023 ist Capstone Green Energy Holdings der öffentliche Nachfolger von Capstone Green Energy (CGRN). Die Stammaktien des Unternehmens werden unter der CUSIP-Nummer 14067D607 und der ISIN-Nummer US14067D6076 gehandelt.
- Recently achieved compliance with SEC filing requirements
- Submitted application for uplisting to OTCQX platform
- Established trading capabilities through OTC Pink Open Market
- Trading on Pink Open Market comes with certain limitations
- Symbol assignment occurred without company's prior knowledge or input
- Currently trading on lowest tier of OTC markets
The assignment of the trading symbol was initiated independently of Capstone and without prior notification. A requesting party’s broker-dealer requested a ticker symbol to facilitate the trading of shares. FINRA completed its due diligence and approved the request, selecting and assigning the ticker symbol of CGEH to an active Pink Open Market platform.
Since achieving compliance with its SEC filings requirements in recent months, Capstone has been actively working toward quoting its shares on a more prominent OTC platform, such as the OTCQX, and has submitted an application to the OTC Market for its regulatory review and approval process. This transition is intended to provide stockholders with enhanced transparency and improved trading opportunities. To support this process, Capstone is collaborating closely with the OTC Markets team and an independent market maker to ensure that its corporate information is reflected accurately on the OTC platform.
“This development occurred without our prior knowledge or input while working with OTC for quotation on the OTCQX market; however, it still does play a pivotal step in Capstone’s journey forward and provides stockholders the opportunity to actively pursue trading of the Company’s stock, with limitations. Our team remains focused on our plans in advancing toward listing on a higher-tier OTC platform, with a goal of eventually listing on a national securities exchange,” said John Juric, Chief Financial Officer of Capstone.
Vince Canino, President and CEO of Capstone, added, “As we continue to look to have the stock quoted on a more robust tier for trading on the OTC Market, we remain focused on our business, building our financial strength and delivering increased stockholder value. We remain committed to transparency as we move forward with our strategic objectives.”
Capstone encourages stockholders and other stakeholders to consult their financial advisors regarding the implications of trading in the Pink Open Market.
Additional Information
Capstone Green Energy Holdings, Inc. is the public successor to Capstone Green Energy Corporation (CGRN) for SEC reporting purposes. The CUSIP number for the Company's common stock that is now traded in the Pink Open Market following the reorganization transactions consummated in December 2023 is 14067D607, and its ISIN number is US14067D6076.
About Capstone Green Energy
For over three decades, Capstone Green Energy has been at the forefront of microturbine technology, revolutionizing how businesses manage their energy supply. In partnership with our worldwide team of dedicated distributors, we have shipped over 11,000 units to 83 countries, providing environmentally friendly and highly efficient on-site energy systems and microgrid solutions.
Today, our commitment to a cleaner future is unwavering. We offer customers a range of commercial, industrial, and utility-scale options tailored to their specific needs, ranging from 65kW to multiple MWs. Capstone's product portfolio not only showcases our core microturbine technology but also includes flexible Energy-as-a-Service (EaaS), which includes a build, own, and operate models as well as rental services.
In our pursuit of cutting-edge solutions, we've forged strategic partnerships to extend our impact. Through these collaborations, we proudly offer renewable gas products along with heat recovery solutions that enhance the sustainability and efficiency of our client's operations, contributing to a cleaner and more responsible energy landscape.
Capstone offers fast, turnkey power rental solutions for customers with limited capital or short-term needs; for more information, contact rentals@CGRNenergy.com.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Notes
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements on the Company's expectations regarding trading of its common stock on an over-the-counter market, including its application to quote its common stock on a more prominent tier of the OTC platform, and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the risk that the Company will be unable to successfully obtain quotation of its common stock on a more prominent tier of the OTC platform, the Company’s liquidity position and ability to access capital; the Company’s ability to continue as a going concern; the Company’s ability to successfully remediate its material weaknesses in internal control over financial reporting; the Company’s ability to realize the anticipated benefits of its financial restructuring; the Company’s ability to comply with the restrictions imposed by covenants contained in the exit financing and the new subsidiary limited liability company agreement; employee attrition and the Company’s ability to retain senior management and other key personnel following the restructuring; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the impact of litigation and regulatory proceedings; risks related to the previously announced restatement (including inquiries from the SEC; the potential material adverse effect on the price of the Company’s common stock and stockholder lawsuits). For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250108487505/en/
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com
Source: Capstone Green Energy Holdings, Inc.
FAQ
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