Faegre Drinker Serves as Counsel for Financial Advisor to Capstone Green Energy Holdings in $112.5 Million Investment

A Faegre Drinker team led by corporate partners Jonathan Zimmerman and Chad Lange provided counsel to investment bank Craig-Hallum, who advised Capstone Green Energy Holdings (OTCQX: CGEH), a microturbine energy company, in connection with $112.5 million in strategic investments.

The transaction includes the purchase of $80 million in newly issued senior convertible preferred stock and $15 million of common stock by a single investor, together with a concurrent private placement of an additional $17.5 million of common stock to additional investors.

The team led by Zimmerman and Lange included associates Rana Salem and Abyen Aden.

To learn more, read Capstone’s press release.