Capstone secures $3.25M to advance $15M accretive acquisition

Published 2 weeks ago Positive
Capstone secures $3.25M to advance $15M accretive acquisition
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* Capstone Holding (NASDAQ:CAPS [https://seekingalpha.com/symbol/CAPS]) on Monday announced a $3.25 million draw from its existing convertible note facility.
* This new tranche of capital will support the company's signed letter of intent to acquire a multi-location stone distributor with about $15 million in annual revenue, it said.
* The transaction is expected to be immediately accretive to revenue and EBITDA.
* CAPS -4.5% premarket to $1.06.
* Source: Press Release [https://seekingalpha.com/pr/20279932-capstone-secures-3_25-million-to-advance-15m-accretive-acquisition-accelerates-progress]

MORE ON CAPSTONE HOLDING CORP.

* Capstone signs LOI to acquire $15M stone distributor [https://seekingalpha.com/news/4502285-capstone-signs-loi-to-acquire-15m-stone-distributor]
* Capstone to acquire Carolina Stone Products [https://seekingalpha.com/news/4486473-capstone-to-acquire-carolina-stone-products]
* Seeking Alpha’s Quant Rating on Capstone Holding Corp. [https://seekingalpha.com/symbol/CAPS/ratings/quant-ratings]
* Historical earnings data for Capstone Holding Corp. [https://seekingalpha.com/symbol/CAPS/earnings]
* Financial information for Capstone Holding Corp. [https://seekingalpha.com/symbol/CAPS/income-statement]