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Capstone Holding Corp. Closes $10 Million Convertible Note Facility to Support M&A Strategy

Capstone Holding Corp. (Nasdaq: CAPS), a national building products distribution platform, has closed a previously announced $10 million convertible note facility to support its ongoing acquisition strategy. The Company has drawn down $3 million of the facility and may access the remaining capital on terms to be mutually agreed.

The Company intends to use the proceeds from the initial draw as follows:

  • To fund the previously announced acquisition of a Southeast U.S.–based distributor of thin veneer stone and hardscape materials, currently under a non-binding letter of intent
  • For general corporate purposes and to provide additional flexibility for future strategic activity

Lucosky Brookman LLP served as legal counsel to Capstone Holding Corp. Joseph Gunnar & Co., LLC acted as the exclusive placement agent for the transaction.

This transaction highlights continued investor interest in supporting disciplined, acquisition-led platforms in the construction and building products sector.

Capstone continues to target founder-led businesses in high-growth markets and remains focused on achieving a $100 million revenue run-rate through a combination of organic growth and strategic M&A.