Home / Going-concern warnings / Capstone Green Energy Holdings, Inc.
Filed 2025-11-13 路 Form 10-Q 路 Accession 0001104659-25-111319 micro
Price before filing: $2.98 (2025-11-12 close, split/dividend-adjusted)
Market cap at flag: $62.1M (2025-11-13) 路 Latest: $231.9M (2026-07-17)
| Window | CGEH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +93.0% | -0.4% | +93.3% | 2025-12-15 |
| 90 days | +72.1% | +1.6% | +70.6% | 2026-02-11 |
| 180 days | +242.3% | +8.6% | +233.6% | 2026-05-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 6 insiders bought $295K (6 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-11-13: red flag filed | |||||||
| 2025-11-25 | Beard Robert F. Director | Purchase | 12,500 | $2.00 | $25K | no | Form 4 |
| 2025-11-25 | Canino Vincent J. President & CEO, Director | Purchase | 75,000 | $2.00 | $150K | no | Form 4 |
| 2025-11-25 | Close Christopher J. Director | Purchase | 12,500 | $2.00 | $25K | no | Form 4 |
| 2025-11-25 | Graves Candice Chief Accounting Officer | Purchase | 10,000 | $2.00 | $20K | no | Form 4 |
| 2025-11-25 | Miller John P. Interim CFO, Director | Purchase | 25,000 | $2.00 | $50K | no | Form 4 |
| 2025-11-25 | Powelson Robert F Director | Purchase | 12,500 | $2.00 | $25K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-15 to 2025-12-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Given the Company's current cash position, lack of liquidity, short term debt repayments, limits to accessing capital and debt funding options, and current economic and market risks, there exists substantial doubt regarding the Company's ability to continue as a going concern and its ability to meet its financial obligations as they become due over the next twelve months from the date of issuance of the financial..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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