Capstone retires ~85% of $6.82M convertible note principal, leaving $1M; shares outstanding jump 28% to 26.4M

Capstone Holding Corp.

85% of the original $6.82M convertible note principal retired, leaving $1.0M outstanding, down from $1.90M at June 30, 2026; July 2025 note fully retired, October 2025 note remains.
Shares outstanding rose to 26,384,119 as of Sept 28, 2026 from 20,578,551 on Aug 10, 2026: 2,446,825 from note conversions and 3,358,743 under the Tumim Stone equity line of credit.
CEO Matthew Lipman cited Q2 revenue up 67% YoY to $21.5M, gross profit up 92% to $6.0M and gross margin of 27.9%, up 357 basis points.
Lipman: 'strongest quarter in years'; company targeting elimination of remaining convertible debt and says organic growth outpaces the broader building products market.

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