Every material Form 8-K Capstone Energy Plus, Inc. has filed with the SEC since July 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Capstone Energy+ said Ping Fu stepped down from its board effective October 26, 2026, and that the board elected Brandon Schwertner as a director the same day to fill the seat. Schwertner was designated by Monarch Alternative Capital LP under the March 2026 securities purchase agreement, and the board still has seven directors. The filing reports no financial results, so the change is a governance update, and Monarch retains the right to designate one more Series A Director.
Ping Fu's resignation was accepted by the Special Committee on October 25, 2026, effective October 26, 2026.
Brandon Schwertner was elected October 26, 2026 as a Class I director with a term expiring at the 2027 annual meeting; the board has determined he is independent under Nasdaq rules.
Schwertner previously served as CEO of Priority Power Management from 2018 to 2026 and was appointed to the Compensation Committee.
He will receive a prorated annual restricted stock unit award with a grant date value of approximately $24,739.
Capstone Energy+ reported fiscal first quarter 2027 results, with revenue of $24.9 million, down from $27.9 million a year earlier, as large product order timing and lower rental utilization weighed on sales. Gross profit rose 16% to $8.8 million and the company reported net income of approximately $0.04 million, compared with a net loss of $0.7 million a year earlier, though the loss attributable to common stockholders after a $1.0 million preferred unit accretion adjustment was $0.03 per share.
Revenue was $24.9 million, compared with $27.9 million in Q1 2026; Parts and Service revenue rose 21% to $9.7 million.
Gross margin expanded 800 basis points to 35% from 27%, and income from operations was $1.0 million versus a $0.2 million loss a year earlier.
Net cash provided by operating activities was $5.4 million, including a $3.7 million customer deposit; cash and restricted cash totaled $32.3 million at June 30, 2026.
Adjusted EBITDA, a non-GAAP measure, was $2.7 million in both periods.
Capstone Energy+, Inc. said Nasdaq approved its application to list common stock, and the shares are expected to begin trading under the ticker CEPL on July 8, 2026, moving from OTC Markets. The company said existing shareholders need not take any action, and the filing reports no new financial results.
Nasdaq notified the company on June 30, 2026 that its listing application was approved.
Trading under CEPL is expected to begin July 8, 2026, replacing the OTCQX ticker CGEH.
The 8-K names the Nasdaq Global Market, while the press release names the Nasdaq Global Select Market.
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