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Capstone Extends Convertible Note Maturity to December 2027

  • Capstone Holding Corp. (NASDAQ: CAPS) agreed with 3i, LP to extend the maturity of its remaining convertible note from October 22, 2026, to December 13, 2027.
  • The company has retired approximately 87% of the original $6.8 million principal, leaving approximately $0.9 million outstanding.
  • Interest accruing after October 22, 2026, will be calculated solely on the outstanding principal balance at the existing 7% annual rate.
  • 3i agreed not to enforce existing defaults prior to the new maturity date, with no default interest or late charges accruing on those defaults.
  • The note's conversion rights remain unchanged under the extension agreement.
  • CEO Matthew Lipman stated the agreement reflects lender confidence \& provides financial flexibility to focus on business growth \& profitability.