12:22 PM EDT, 07/30/2025 (MT Newswires) -- Capstone (CAPS) said Wednesday it closed a $10 million convertible note facility due on July 29, 2026, to support its merger and acquisition strategy.

The notes carry an 8.34% original issue discount and a 7% annual interest rate, with the option to convert the notes into Capstone shares at $1.72 per share, the company said.

Capstone said it initially drew $3 million from the facility and may access the rest under mutually agreed-upon terms.

Funds from the first draw will mainly support the planned acquisition of a Southeast US distributor of thin veneer stone and hardscape materials, the company said.

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