Capstone Green Energy closes $15 million private placement

Capstone Green Energy Holdings, Inc. (OTCQX: CGEH) completed a private investment in public equity financing that raised approximately $15 million in gross proceeds, according to a company statement.

The company issued 7,500,000 shares of common stock or pre-funded warrants at $2.00 per share. The transaction was priced at an 8% premium over the company's November 21 closing price of $1.85.

Board directors and executive leadership participated in the financing alongside institutional investors and accredited investors. Craig-Hallum Capital Group LLC served as the sole placement agent.

The company plans to use approximately $8.0 million of the net proceeds to repay outstanding debt maturing December 7, 2025. Remaining funds will support product development initiatives, expansion into AI infrastructure and data center applications, and working capital for general corporate purposes.

"The structure and pricing of this offering strengthen our financial foundation and provide the liquidity needed to execute with velocity," said Vince Canino, President and Chief Executive Officer.

The securities have not been registered under the Securities Act of 1933. Capstone agreed to file a registration statement with the Securities and Exchange Commission for the resale of the shares.

Capstone Green Energy provides microturbine energy systems and has shipped over 10,600 units to 88 countries. The company offers systems ranging from 65kW to multi-megawatt solutions for commercial, industrial, and utility-scale customers.

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