Capstone Green Energy (CGRN) Registration filing summary

Company overview and business model

• Pioneers in low-emissions, oil-free microturbine technology for distributed power generation, CHP, and CCHP applications, serving commercial, industrial, and utility customers globally.

• Offers energy solutions addressing resiliency, affordability, and sustainability, with products ranging from 65 kW to multi-megawatt systems.

• Provides ancillary products, system controllers, factory protection plans, and Energy-as-a-Service (EaaS) models including rentals, BOOM, PPA, and lease-to-own.

• Sells primarily through global distributors and OEMs, expanding into energy efficiency, renewables, and microgrid markets, with recent focus on AI/data center infrastructure.

Financial performance and metrics

• Raised $15 million in November 2025 PIPE and $17.5 million in March 2026 PIPE, plus $95 million from a Preferred Stock Investment.

• Used $85 million to redeem preferred equity interest, making the operating subsidiary wholly owned.

• Remaining proceeds allocated to growth initiatives, AI data center expansion, capacity increases, cost improvements, and working capital.

Use of proceeds and capital allocation

• No proceeds from this offering; all shares are for resale by selling stockholders.

• Proceeds from prior PIPE and Preferred Stock Investment used for debt repayment, subsidiary redemption, product development, and market expansion.