CAPS News & Events

Capstone Therapeutics files to sell 3M shares of common stock for holders

Capstone Therapeutics files to sell 4.41M shares of common stock for holders

Capstone Holding announced the extension of its credit facilities with both Beacon Bank and Stream Finance on existing terms. Beacon Bank has extended Capstone's $11.5M revolving credit facility through December 31, and Stream Finance has extended the maturity of its mezzanine credit facility through September 30, 2028. Together, the extensions eliminate significant near-term debt maturities and strengthen the Company's financial flexibility as it executes its growth and margin expansion strategy.

Capstone Holding announced that its Carolina Stone subsidiary is expanding into the Wilmington-Myrtle Beach coastal corridor in response to growing demand from customers. The expansion is driven by increased construction activity from Capstone's builder partners across the coastal Carolinas. "Myrtle Beach is the second-fastest-growing metropolitan area in the country, and expanding into this market is a key milestone for Carolina Stone," said Matthew Lipman, Chief Executive Officer. "This expansion is a direct response to demand from our builder partners, who are seeking greater access to our products and installation services as they grow across the coastal Carolinas. It is another sign of accelerating order volume and organic growth at Capstone."