Capstone Green Energy Enters Material Definitive Agreement
Ticker: CGEH · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1009759
| Field | Detail |
|---|---|
| Company | Capstone Green Energy Holdings, INC. (CGEH) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-action
TL;DR
Capstone Green Energy just signed a big deal, filing an 8-K for a Material Definitive Agreement.
AI Summary
On June 26, 2024, Capstone Green Energy Holdings, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as Capstone Green Energy Corp and Capstone Turbine Corp, is incorporated in Delaware.
Why It Matters
This filing indicates a significant new contract or partnership for Capstone Green Energy, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement is a significant event that could have substantial positive or negative impacts on the company's financial performance and stock price.
Key Players & Entities
- Capstone Green Energy Holdings, Inc. (company) — Registrant
- June 26, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-15957 (identifier) — Commission File Number
- 20-1514270 (identifier) — IRS Employer Identification No.
- Capstone Green Energy Corp (company) — Former company name
- Capstone Turbine Corp (company) — Former company name
FAQ
What is the nature of the Material Definitive Agreement entered into by Capstone Green Energy Holdings, Inc. on June 26, 2024?
The filing indicates the entry into a Material Definitive Agreement but does not specify the exact nature of the agreement within the provided text.
What are the former names of Capstone Green Energy Holdings, Inc.?
The company was formerly known as Capstone Green Energy Corp and Capstone Turbine Corp.
In which state is Capstone Green Energy Holdings, Inc. incorporated?
The company is incorporated in Delaware.
What is the Commission File Number for Capstone Green Energy Holdings, Inc.?
The Commission File Number is 001-15957.
What is the IRS Employer Identification Number for Capstone Green Energy Holdings, Inc.?
The IRS Employer Identification Number is 20-1514270.
Filing Stats: 752 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-06-28 17:21:50
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share N/A N/A Indicate by che
- $1,000,000 — e the Minimum Consolidated Liquidity to $1,000,000 from September 30, 2024 to March 30, 20
Filing Documents
- tmb-20240626x8k.htm (8-K) — 44KB
- tmb-20240626xex4d1.htm (EX-4.1) — 60KB
- tmb-20240626xex4d1001.jpg (GRAPHIC) — 6KB
- 0001558370-24-009633.txt ( ) — 247KB
- tmb-20240626.xsd (EX-101.SCH) — 4KB
- tmb-20240626_def.xml (EX-101.DEF) — 3KB
- tmb-20240626_lab.xml (EX-101.LAB) — 16KB
- tmb-20240626_pre.xml (EX-101.PRE) — 11KB
- tmb-20240626x8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into Material Definitive Agreement. On June 28, 2024, Capstone Green Energy Holdings, Inc. (" Holdings ") entered into the First Amendment (the " First Amendment ") to the Note Purchase Agreement, dated December 7, 2023 (the " NPA ") by and among Capstone Green Energy LLC (the " Company "), Holdings and Capstone Turbine Financial Services, LLC, as guarantors (the " Guarantors "), Goldman Sachs Specialty Lending Group, L.P., as collateral agent (the "Collateral Agent") for the Purchasers from time to time party thereto. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the NPA, as amended by the First Amendment. The First Amendment provides for: (i) the amendment of the Adjusted EBITDA financial covenant to (a) allow adjustment for costs related to the restatement of, or other adjustments to, the financial statements of Holdings' for the period beginning on the Closing Date and ending at the end of the 2025 Fiscal Year and (b) the Adjusted EBITDA financial covenant to be first tested at the quarter ended September 30, 2024, (ii) the amendment of the Minimum Consolidated Liquidity financial covenant to (a) reduce the Minimum Consolidated Liquidity to $1,000,000 from September 30, 2024 to March 30, 2025 and (b) defer the testing of the Minimum Consolidated Liquidity financial covenant to September 30, 2024 and (iii) the extension of the deadline for the delivery of Holdings and its Subsidiaries' audited financial statements for the fiscal year ended March 31, 2024 (the "fiscal 2024 financial statements") to September 27, 2024 and the removal of the covenant that the fiscal 2024 financial statements be accompanied by a report and opinion of an independent certified public accountant which is not subject to any "going concern" or like qualification. The foregoing description of the First Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the First Am
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 First Amendment to Note Purchase Agreement, dated as of June 28, 2024, by and among Capstone Green Energy Holdings, Inc., Capstone Green Energy LLC, Capstone Turbine Financial Services, LLC, Goldman Sachs Specialty Lending Group, L.P. and the Purchaser party thereto. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAPSTONE GREEN ENERGY HOLDINGS, INC. Date: June 28, 2024 By: /s/ John J. Juric Name: John J. Juric Title: Chief Financial Officer