Capstone Energy+ Inc. filings document the regulatory record for a Delaware clean-energy equipment company whose common stock trades under CGEH on the OTCQX market. The filings identify the corporate name change from Capstone Green Energy Holdings, Inc. to Capstone Energy+, Inc., related charter and bylaw amendments, and governance changes such as amendments to the 2023 Equity Incentive Plan.
Its SEC disclosures also cover material agreements, securities offerings and capital-structure matters, including Series A Convertible Preferred Stock, common stock and private placement financing. Form 8-K reports furnish operating and financial results, Regulation FD releases, preferred-stock designation materials and strategic investment documents, while the S-1 registration statement describes registered securities and offering-related disclosures.
Monarch Alternative Capital and affiliates disclose a major investment and control stake in Capstone Green Energy Holdings, Inc. (CGEH). Monarch Funds acquired 3,333,334 shares of common stock and 80,000 shares of Series A Convertible Preferred Stock for $15,000,003 and $80,000,000, respectively, giving the reporting group beneficial ownership of 19,333,334 common shares, or 42.1% of the voting common stock on an as-converted basis.
The Series A Preferred Stock carries a cumulative paid-in-kind dividend starting at 5.0% annually, potentially rising to 13.0%, ranks senior to common stock, and is initially convertible at $5.00 per share. Monarch obtained significant governance and protective rights, including up to two board seats while holding at least 20% of the common on an as-converted basis, consent rights over key corporate actions while a substantial portion of the preferred remains outstanding, and a potential board reconstitution right if the accreted value of the preferred exceeds $45,000,000 five years after closing.
Capstone plans to use $85,000,000 of the proceeds to redeem preferred units of a subsidiary and fund a related asset purchase, with up to $22,500,000 for transaction costs and business investment and the remainder for working capital. Monarch also received registration rights for resale of the common stock and underlying shares.
Capstone Green Energy Holdings, Inc. closed a $112.5 million strategic investment led by funds managed by Monarch Alternative Capital. The financing included $80 million of senior convertible preferred stock, $15 million of common stock to Monarch, and a concurrent $17.5 million private placement to accredited investors.
Capstone used $85 million of the proceeds to fully redeem a preferred equity interest in Capstone Green Energy LLC held by an entity controlled by Goldman Sachs, making the operating subsidiary wholly owned. The remaining funds are earmarked for growth initiatives, including expansion into the AI data center market, engineering and capacity investments, cost improvements, and working capital.
Monarch obtained the right to appoint two independent directors to the Board, subject to ownership levels, and Capstone committed to use commercially reasonable efforts to submit an initial U.S. exchange listing application within twelve months of closing. The securities were issued in a private placement, and the company agreed to file a resale registration statement within 30 days of closing.
Capstone Green Energy Holdings is raising a combined $112.5 million through a strategic investment led by Monarch Alternative Capital to recapitalize its balance sheet and simplify its ownership structure.
The deal includes $80 million of new Series A convertible preferred stock and $15 million of common stock purchased by Monarch, plus a concurrent PIPE of additional common shares and pre-funded warrants. A large portion of the proceeds, including $84.0 million at the operating subsidiary level, will retire legacy preferred equity held by an affiliate of Goldman Sachs, making Capstone Green Energy LLC a wholly owned subsidiary. The preferred stock carries a 5% paid-in-kind dividend, an initial conversion price of $5.00 per share, extensive protective rights, and potential forced conversion after a national exchange listing and sustained share-price performance. The company also plans to seek a U.S. exchange listing and use remaining funds for working capital and growth initiatives, including expansion into AI data center energy solutions.
Capstone Green Energy Holdings President & CEO Vincent J. Canino reported a disposition of 54,265 shares of voting common stock at $6.29 per share, used to cover tax liabilities tied to the March 11, 2024 restricted stock unit vesting. After this tax-withholding event, he holds 488,333 shares of voting common stock, including multiple tranches of unvested restricted stock units and 75,000 shares previously purchased in a private offering.
Capstone Green Energy Holdings, Inc. reported a strong third quarter of fiscal 2026, ended December 31, 2025, with clear signs of operational turnaround. Revenue was $26.8 million, up 33% from $20.1 million in the prior-year quarter, driven by microturbine product demand, higher Energy-as-a-Service rental utilization, and growth in parts and service agreements.
Gross profit rose to $10.4 million from $5.0 million, as cost of goods sold grew much slower than revenue and gross margin expanded by 14 points. Income from operations improved to $2.0 million compared with a loss of $2.1 million a year earlier, and net income was $1.2 million, marking a second consecutive profitable quarter.
Year-to-date, revenue reached $83.0 million, up 42% from $58.5 million, with income from operations of $3.2 million versus a loss of $5.6 million in the prior-year period. EBITDA for the quarter was $3.5 million and Adjusted EBITDA was $5.1 million, up from $0.5 million. For the nine months, Adjusted EBITDA increased to $12.3 million from $5.1 million, reflecting restructuring benefits, improved mix, and cost controls.
Capstone Green Energy Holdings, Inc. reported sharply improved operating results for the quarter ended December 31, 2025 but continues to face serious liquidity pressure. Quarterly revenue rose to $26.8 million from $20.1 million a year earlier, with gross profit more than doubling to $10.4 million. The company generated income from operations of $2.0 million versus a prior-year operating loss and reported net income of $1.2 million for the quarter and $1.3 million for the nine months.
However, after recognizing $38.8 million of accretion to the redemption value of preferred units in the quarter, loss available to common and non-voting common stockholders was $37.6 million, or $(1.79) per share. Total assets were $87.7 million, with a working capital deficit of $22.9 million and a stockholders’ deficit of $63.3 million as of December 31, 2025.
Capstone ended the period with $15.2 million of cash and restricted cash, up from $3.3 million nine months earlier, helped by a November 2025 PIPE financing that provided approximately $13.8 million of net proceeds; about $8.3 million was used to repay Exit New Money Notes. The company still has $25.3 million of Exit Roll Up Notes outstanding, maturing on December 7, 2026, and remains subject to minimum liquidity and adjusted EBITDA covenants. Management states there is substantial doubt about Capstone’s ability to continue as a going concern over the next 12 months without successfully refinancing or otherwise addressing these obligations.
Capstone Green Energy Corporation shareholder AIGH Capital Management LLC, together with related entities and Orin Hirschman, reports beneficial ownership of 2,280,000 shares of common stock, representing 9.9% of the class. These shares are held with sole voting and dispositive power.
The filing notes an additional 3,520,000 common shares are issuable upon exercise of warrants that are not currently exercisable because of beneficial ownership limitations. The reporting persons state the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Capstone Green Energy.
Capstone Green Energy Holdings, Inc. (CGEH) received a new large shareholder disclosure. Investor Laurence W. Lytton reports beneficial ownership of 1,771,404 shares of common stock, representing 7.7% of the company, including 1,750,000 shares held through the Lytton-Kambara Foundation.
Lytton has sole voting and dispositive power over 21,404 shares and shares voting and dispositive power over 1,750,000 shares with the Foundation. Both Lytton and the Foundation base their 7.7% ownership figure on 22,926,208 shares outstanding as of December 15, 2025. They certify the holdings are passive and not intended to change or influence control of the company.
Capstone Green Energy Holdings, Inc. is registering up to 7,500,000 shares of common stock for resale by existing investors. This includes 3,980,000 outstanding shares and 3,520,000 shares issuable upon exercise of pre-funded warrants sold in a November 2025 private placement. Capstone will not sell any new securities or receive proceeds from these resales; selling stockholders will receive any sale proceeds and pay related selling commissions, while the company covers registration costs.
The November 2025 private placement raised about $15.0 million in gross proceeds, of which roughly $8.0 million was used to repay debt maturing on December 7, 2025, with the balance planned for product development, expansion into the AI data center market, working capital and general purposes. As of January 2, 2026, 22,926,208 shares of common stock were outstanding. Capstone develops and services low-emission microturbine energy systems and is pursuing opportunities in microgrids, renewable energy and AI-focused data center infrastructure.
The prospectus highlights substantial risks, including significant indebtedness, a stated substantial doubt about the company’s ability to continue as a going concern, past financial restatements, a limited and volatile OTCQX trading market, reliance on key personnel, and uncertainty around long-term profitability and the emerging AI-related markets.