"So post split there will be about 17.2 M shares outstanding." CPST would be a fool not to dilute while still above $2.00 a share post split. CPST needs to issue 15 million shares at $2.00 to have enough to run another year. If they do not do it now, it means CPST next step is bankruptcy.
On August 28, 2015, Capstone Turbine Corporation, a Delaware corporation (the "Company"), entered into a Sales Agreement (the "Sales Agreement") with Cowen and Company, LLC ("Cowen") with respect to an at-the-market offering program pursuant to which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, $0.001 par value per share, having an aggregate offering price of up to $30,000,000 (the "Shares") through Cowen as its sales agent.