This is a minor technical amendment to an existing equity facility. The pricing change (floor at lowest trade price vs. 90% of VWAP) slightly reduces the discount the investor receives on open/close prints, but the overall dilutive overhang of the $20M facility remains unchanged. Monitor for actual drawdown notices, which would signal near-term dilution.
Price Chart
Executive Summary
Capstone Holding Corp. amended its existing common stock purchase agreement with Tumim Stone Capital, LLC, changing the VWAP purchase price formula to the greater of the lowest intraday trade price or 90% of VWAP (excluding open/close prints), and shortening the valuation period end time by one second. This is a routine administrative amendment to an existing equity line of credit (ELOC) facility that does not alter the total $20M capacity or the company's at-the-money issuance mechanics in any material way.
Key Facts
- Amendment dated July 2, 2026 to the June 16, 2026 Amended and Restated Common Stock Purchase Agreement with Tumim Stone Capital, LLC
- VWAP purchase price changed to the greater of (i) lowest intraday trade price or (ii) 90% of VWAP (excluding open/close prints)
- Valuation period end time moved from 4:00:02 p.m. to 3:59:59 p.m.
- Total facility size remains unchanged at up to $20,000,000 in aggregate gross purchase price
- Per-purchase cap unchanged at the lesser of 1,000,000 shares or 25% of trading volume
- Company retains discretion (right but not obligation) to sell shares under the facility
Financial Impact
No new capital raised; amendment only changes pricing formula mechanics on an existing $20M ELOC facility
Risk Factors
- The $20M ELOC represents significant potential dilution relative to the $4M market cap
- Pricing change slightly reduces the discount on open/close trades but does not materially alter the dilutive mechanics
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-022686 |
| Exhibit: ex_984565.htm | 0001437749-26-022686 |
| Document: 0001437749-26-022686-index-headers.html | 0001437749-26-022686 |
| Document: 0001437749-26-022686-index.html | 0001437749-26-022686 |
| Document: 0001437749-26-022686.txt | 0001437749-26-022686 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $2.58 | awaiting T+60 | — | $2.59 (+0.39%) |
Oct 13, 2026 13d ago | 8-K | $0.1242 | awaiting T+60 | — | $2.59 (+1985.35%) |
Oct 1, 2026 25d ago | 8-K | $0.1492 | awaiting T+60 | — | $2.59 (+1635.92%) |
Aug 26, 2026 8w ago | 8-K | $0.1850 | awaiting T+60 | — | $2.59 (+1300.00%) |
Aug 12, 2026 10w ago | 10-Q/A | $0.2328 | awaiting T+60 | — | $2.59 (−1012.54%) |
Aug 12, 2026 10w ago | 8-K | $0.2328 | awaiting T+60 | — | $2.59 (−1012.54%) |
Aug 11, 2026 10w ago | Insider Cluster | $0.2328 | awaiting T+60 | — | $2.59 (+1012.54%) |
Jul 24, 2026 13w ago | Insider Cluster | $0.2304 $2.72 | ▲ +1080.56% | ▲ +1076.83% | $2.59 (+1024.13%) |
Jul 10, 2026 15w ago | EFFECT | $0.2564 $0.1429 | ▲ +44.27% | ▲ +46.90% | $2.59 (−910.14%) |
Jul 9, 2026 15w ago | 8-K | $0.2647 $0.1454 | ▼ −45.07% | ▼ −46.70% | $2.59 (+878.47%) |
US Market Status
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