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Capstone Green Energy Corp. - CGRN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Capstone Green Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Capstone Green Energy's position in the market.

Rhea-AI Summary
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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42%
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Rhea-AI Summary
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 (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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9.68%
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Rhea-AI Summary
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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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 Corp.

Nasdaq:CGRN

CGRN Rankings

CGRN Stock Data

6.79M
16.19M
3.74%
17.27%
2.69%
Turbine and Turbine Generator Set Units Manufacturing
Manufacturing
Link
US
Van Nuys

About CGRN

capstone turbine corporation® is the world’s leading developer and manufacturer of clean-and-green microturbine power generation systems, and was first to market with its high efficiency air bearing turbine technology. capstone has shipped thousands of microturbines to customers worldwide. these innovative and award-winning systems have logged millions of documented runtime operating hours and are compliant with current and future emissions regulations. with over 86 distributors worldwide, capstone’s low-emission microturbines serve multiple vertical markets with industry-leading reliability and efficiency. capstone offers a comprehensive product lineup, providing scalable solutions from 30kw to 30mw. capstone microturbines can also operate on a variety of gaseous or liquid fuels and are the ideal solution for todays distributed generation needs. capstone is a member of the u.s. environmental protection agency’s combined heat and power partnership which is committed to improving the ef