Lucosky Brookman Represents Capstone Holding Corp. in $5 Million Public Offering
Capstone Holding Corp. (NASDAQ: CAPS), a pioneering building products distribution company revolutionizing the construction materials sector, has successfully closed its $5 million follow-on public offering, marking a significant milestone in its expansion journey. The transaction, which included 1,250,000 shares of common stock priced at $4.00 per share, strengthens the company's position following its recent NASDAQ listing.
Lucosky Brookman LLP served as legal counsel to Capstone in this strategic financing, which bolsters the company's ability to advance its innovative distribution platform. The offering included a 45-day option for the underwriters to purchase up to an additional 187,500 shares to cover over-allotments.
The successfully completed capital raise will fuel several critical initiatives:
- Expansion of distribution networks
- Strategic acquisition activities
- Product line development
- Working capital enhancement
This financing coincides with Capstone's NASDAQ Capital Market debut under the ticker symbol "CAPS" on March 6, 2025, demonstrating the company's rapid progress in bringing its transformative building product solutions to market. The company's distribution backbone currently services 31 U.S. states, providing a value-added platform for future acquisitions.
The successful closing of this transaction underscores the market's confidence in Capstone's innovative approach to transforming the building products industry through its portfolio of owned and controlled brands, including stone veneer, landscape stone, and modular masonry fireplaces.