Corporate ActionJul 6, 2026, 09:06 AM
Capstone Holding Amends Stock Purchase Agreement Terms
AI Summary
Capstone Holding Corp. announced an amendment to its Amended and Restated Common Stock Purchase Agreement with an accredited investor, Tumim Stone Capital, LLC. The original agreement granted the company the right to sell up to $20 million in common stock. The amendment, effective July 2, 2026, primarily modifies the calculation of the Volume-Weighted Average Price (VWAP) Purchase Price and adjusts the valuation period end time. The new VWAP Purchase Price will be the greater of the lowest trading price during the valuation period or 90% of the VWAP, excluding opening and closing trades.
Key Highlights
- Amendment to Amended and Restated Common Stock Purchase Agreement with Tumim Stone Capital, LLC.
- Original agreement allowed sale of up to $20,000,000 in common stock.
- VWAP Purchase Price calculation amended to be greater of lowest price or 90% of VWAP (excluding Excluded Prints).
- "Excluded Prints" defined as opening and closing trades of the primary trading session.
- Valuation period end time changed from 4:00:02 p.m. ET to 3:59:59 p.m. ET.
- The amendment applies to VWAP Purchase Notices delivered on or after July 2, 2026.
Price Impact
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