secwatch.observer — SEC 8-K summary
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Issuer:     CAPSTONE COMPANIES, INC. (CAPC)
CIK:        0000814926
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0001575705-21-000716
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capstone enters $1.02M purchase order financing from insiders for Smart Mirror launch
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- Maximum aggregate funding of $1,020,000 from three lenders, including CEO and director, at 5% annual interest.
- Loan secured by Smart Mirror inventory; principal plus interest due within six months of each advance.
- ETL certification received Sep 30, 2021; FCC EMC testing completed Oct 15; final approval expected in 5–7 days.
- Smart Mirror launch delayed from H1 2021 due to COVID-19 and production shift to Thailand.
- Disinterested board approved the agreement as only viable funding source given company's financial condition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814926/000157570521000716/0001575705-21-000716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814926/000157570521000716/capc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001575705-21-000716

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