---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-031423"
form_type: "8-K"
ticker: "CAPS"
cik: "0000887151"
company_name: "Capstone Holding Corp."
filed_at: "2026-09-29T12:55:12+00:00"
generated_at: "2026-10-12T13:43:59.576723+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-031423
- form_type: 8-K
- ticker: CAPS
- cik: 0000887151
- company_name: Capstone Holding Corp.
- filed_at: 2026-09-29T12:55:12+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887151/000143774926031423/0001437749-26-031423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887151/000143774926031423/caps20260928_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-031423
- JSON: https://secwatch.observer/filing/0001437749-26-031423.json
- Plain text: https://secwatch.observer/filing/0001437749-26-031423.txt

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