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Capstone Green Energy Corporation - CGRN STOCK NEWS

Welcome to our dedicated page for Capstone Green Energy Corporation news (Ticker: CGRN), a resource for investors and traders seeking the latest updates and insights on Capstone Green Energy Corporation stock.

Capstone Green Energy Corporation (NASDAQ: CGRN) delivers innovative microturbine systems for clean power generation, serving global markets with scalable solutions from 30kW to 30MW. This resource provides timely updates on corporate developments, financial milestones, and technological advancements for stakeholders tracking the company’s progress.

Access official press releases covering critical updates including regulatory compliance status, partnership announcements, and operational developments. Investors will find essential information about recent Chapter 11 proceedings and Nasdaq delisting notifications, alongside the company’s ongoing commitments to emissions reduction and energy efficiency through EPA partnerships.

Our curated news collection serves as a comprehensive reference for understanding Capstone’s market position, technological differentiators, and corporate strategy. Bookmark this page for streamlined access to earnings reports, leadership updates, and product enhancement announcements as they become available.

News

Notice to Capstone Green Energy Investors (CGRN): Recover Your Losses Through FINRA Arbitration

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The Law Firm of KlaymanToskes is investigating brokerage firms that sold positions in Capstone Green Energy Corporation and failed to disclose known risks to investors, following the company's announcement of chapter 11 bankruptcy protection. Capstone Green Energy is currently trading at $0.50 and will be delisted from The Nasdaq Capital Market on October 5, 2023. Brokerage firms may be liable for investor losses. Investors should contact attorney Lawrence L. Klayman, Esq. for recovery options.
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Capstone Green Energy Enters into Transaction Support Agreement with Senior Secured Lender

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Capstone Green Energy Corporation has initiated a prepackaged restructuring process with support from Goldman Sachs Specialty Lending Group and Broad Street Credit Holdings. The restructuring aims to significantly reduce Capstone's debt burden and inject additional liquidity into its operations. Upon emergence, the company's pre-petition debt and accrued interest of over $56.0 million will decrease to $25.0 million, resulting in improved financial health. Capstone has secured a commitment for $12.0 million in new money debtor-in-possession financing, which will provide liquidity to support continued operations during the Chapter 11 process. The restructuring is expected to be completed within 45 days. However, the company's securities are expected to be delisted from The Nasdaq Capital Market due to non-compliance with Nasdaq Listing Rule 5550(b)(2) for the market value of listed securities. The common stock may be quoted and traded on an over-the-counter market following delisting.
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Capstone Green Energy Receives Notifications from Nasdaq Related to Delayed Annual Report on Form 10-K and Minimum Bid Price Deficiency

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Capstone Green Energy (NASDAQ: CGRN) received a notice of non-compliance from Nasdaq for failing to timely file its Annual Report and Quarterly Report. The company also did not meet the minimum bid price requirement and the minimum market value of listed securities. It has been given a period of 180 calendar days to regain compliance.
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Capstone Green Energy Receives Notification of Deficiency from Nasdaq Related to Delayed Quarterly Report on Form 10-Q

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Capstone Green Energy Corp (CGRN) received a notice of non-compliance from Nasdaq for not filing timely reports. The notice does not affect stock listing or trading. CGRN has 60 days to submit a plan to regain compliance. The company also received a notice for not meeting the minimum market value requirement.
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Capstone Green Energy Announces CEO Transition

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Darren Jamison resigns as President and CEO of Capstone Green Energy (NASDAQ: CGRN). Robert Flexon appointed as Interim President and CEO. Board initiating search for permanent CEO.
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Capstone Green Energy to Reschedule Fourth Quarter and Full Fiscal Year 2023 Earnings Release and Conference Call

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Capstone Green Energy Secures Second Order this Year from Oil and Gas Customer in the Marcellus Shale Region in Appalachia

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Capstone Green Energy Secures Follow-on Order for Two Microturbines for Use at Canadian Oil and Gas Site

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Capstone Green Energy Announces Date of Fourth Quarter and Fiscal Year End 2023 Financial Results

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Capstone Green Energy Secures Order for C1000S Microturbine for Industrial Dairy Plant in Colombia

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Capstone Green Energy Corporation

Nasdaq:CGRN

CGRN Rankings

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N/A Ranked by Dividends

CGRN Stock Data

6.79M
16.19M
3.74%
17.27%
2.69%
Specialty Industrial Machinery
Industrials
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United States
Van Nuys