Capstone extends 3i convertible note maturity to Dec 13, 2027; ~$0.9M principal left after retiring 87%

Capstone Holding Corp.

Maturity of the 3i, LP senior secured convertible note moves from Oct 22, 2026 to Dec 13, 2027; ~$900,000 principal outstanding versus ~$3.55M originally issued.
Capstone has retired ~87% of the original $6.8 million principal across its two 3i convertible notes, per CEO Matthew Lipman.
3i agreed not to enforce defaults arising on or before Nov 6, 2026, and no default interest or late charges accrue through the new 2027 maturity.
Interest after Oct 22, 2026 accrues only on outstanding principal at the existing 7% annual rate; 3i's conversion rights, including Event of Default Alternate Conversion Price, unchanged.
Separate Tumim Stone purchase agreement for up to $20M of common stock extended to Jan 1, 2028 from July 1, 2027; Tumim waived claims over possible Sections 6.8/8.2 breaches.

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