Recent Updates — CAPS

Capstone Holding Corp. implemented a 1-for-30 reverse stock split of its common stock, reducing outstanding shares from approximately 27.5 million to roughly 918,000. The consolidation became effective on October 19, 2026, at market open, with fractional share holders receiving cash in lieu of fractions based on the $2.72 closing price. This action follows stockholder approval granted in June 2026 for a split ratio between 1-for-5 and 1-for-50. Capstone Holding Corp. operates as a national, technology-enabled building products distribution platform optimizing supply chains across the U.S. and Canada.

Capstone Holding Corp. completed its planned change of state of incorporation from Delaware to Nevada on October 9, 2026, by merging with and into its wholly owned subsidiary, Capstone NV. The transaction was approved by shareholders in November 2025. Each outstanding share of the predecessor's common stock automatically converted into one share of the new Nevada corporation's common stock on a one-for-one basis, with no action required from shareholders. All rights and obligations were assumed by the surviving entity, and existing officers and directors retained their positions under Nevada law. The market effective date is October 15, 2026.

Capstone Holding Corp. operates in the real estate investment sector.

Capstone Holding Corp. retired approximately 85% of its original $6.82 million in convertible note principal, fully retiring the July 2025 note and reducing the remaining balance to $1 million. The increase in outstanding shares from 20,578,551 on August 10, 2026, to 26,384,119 as of September 28, 2026, consisted of 2,446,825 shares issued upon conversion of senior secured convertible notes and 3,358,743 shares issued under an equity line of credit with Tumim Stone Capital, LLC. The company reported second-quarter revenue of $21.5 million, up 67% year over year, with gross profit increasing 92% to $6.0 million. Capstone Holding Corp. operates as a national, technology-enabled building products distribution platform optimizing supply chains across the U.S. and Canada.

Capstone Holding Corp. reported second quarter 2026 financial results, announcing revenue of $21.5 million, a 67% year-over-year increase, and gross profit of $6.0 million, up 92%. Gross margin expanded to 27.9%, while Stone Business Adjusted EBITDA reached $2.0 million at a 9.4% margin, marking the positive inflection previously guided in Q1. The company reaffirmed its full-year 2026 guidance for revenue of $72.1 million and approximately $3.8 million of Stone Business Adjusted EBITDA. Additionally, Capstone highlighted operational milestones including the opening of a new location on August 17 and the expansion of its Eldorado Stone product line into 17 states within ten weeks. Capstone Holding Corp. operates as a technology-enabled building products distribution platform specializing in proprietary stone veneer, hardscape materials, and modular masonry systems.

Capstone Holding Corp. announced on August 7, 2026, that its previously issued unaudited condensed consolidated financial statements for the three and six months ended June 30, 2025, and the three and nine months ended September 30, 2025, should no longer be relied upon regarding weighted average common shares outstanding and related net loss per share. The CFO concluded these errors occurred because reported figures used period-end or unweighted share counts instead of proper day-weighted averages. For the three months ended March 31, 2025, restated basic and diluted net loss per share increased from $(0.47) to $(1.56) due to a reduction in weighted average shares from 5,190,251 to 1,555,566. The company identified a material weakness in internal control over financial reporting relating to the computation of these share counts and is filing Form 10-Q/A amendments for the affected periods. Capstone Holding Corp. operates in the holding company sector.