---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-107626"
form_type: "8-K"
ticker: "CAPS"
cik: "0000887151"
company_name: "Capstone Holding Corp."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:16:14.697785+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Capstone completes acquisition of Carolina Stone Holdings for up to $3.875M (cash + note + earn-out)

## Summary
- Acquired all membership interests of Carolina Stone Holdings, which owns stone distribution and installation operations in NC.
- Cash consideration of $2,625,000 subject to working capital adjustment; $2,501,500 paid at closing.
- $1,250,000 seller note plus earn-out; final working capital adjustment due within 120 days.
- Acquired entity had 2024 revenue of $11.86M, net income of $434,759, total assets of $5.42M.
- Company files audited 2024 and unaudited June 30, 2025 financials, plus pro forma combined statements.

## SEC filing metadata
- accession: 0001213900-25-107626
- form_type: 8-K
- ticker: CAPS
- cik: 0000887151
- company_name: Capstone Holding Corp.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887151/000121390025107626/0001213900-25-107626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887151/000121390025107626/ea0264518-8k_capstone.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-107626
- JSON: https://secwatch.observer/filing/0001213900-25-107626.json
- Plain text: https://secwatch.observer/filing/0001213900-25-107626.txt

## Source-grounded claims
- claim_id: 3a1c44c86f172441fe40e8b4998b8c763527eb0e
  claim: Capstone Holding Corp. completed an acquisition involving D22L, Inc., David Clary, and Stuart Powell for aggregate purchase price of the Holdings Membership Interests is (i) $2,625,000 in cash, subject to adjustment set forth in Section 2.6 of the Purchase Agreemen (closed 2025-08-22).
  evidence_excerpt: of the Purchase Agreement previously filed in the current report on Form 8-K dated August 18, 2025. The aggregate purchase price of the Holdings Membership Interests is (i) $2,625,000 in cash, subject to adjustment set forth in Section 2.6 of the Purchase Agreement, plus (ii) a seller note in the original principal amount of $1,250,000, plus (iii) the amount
  evidence_url: https://www.sec.gov/Archives/edgar/data/887151/000121390025107626/0001213900-25-107626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.