Core Insights - Capstone Holding Corp. has announced a $3.25 million draw from its existing convertible note facility, indicating strong investor support for its growth strategy [1] - The draw reflects the company's disciplined approach to financing acquisitions that are expected to be accretive [1] Company Summary - Capstone Holding Corp. operates as a national building products distribution platform [1] - The recent funding is part of the company's strategy to pursue growth through acquisitions [1]

As filed with the Securities and Exchange Commission on October 23, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 CAPSTONE HOLDING CORP. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 5090 86-0585310 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 5141 W. 122 Stre ...

Core Insights - Capstone Holding Corp. is successfully executing a disciplined, accretive M&A strategy that enhances shareholder value [1] - Recent acquisitions by Lowe's and Home Depot support the consolidation trend in the building materials sector, which Capstone is leveraging to expand its operations [1] - The company is on track to achieve a $100 million run-rate revenue target [1] Company Strategy - Capstone's acquisition strategy focuses on expanding its footprint and scaling operations to drive immediate revenue and EBITDA growth [1] - The validation of Capstone's strategy comes from the recent activities of major competitors in the industry, indicating a robust market environment for consolidation [1]

Core Insights - Capstone Holding Corp. has successfully integrated Carolina Stone, resulting in operational and commercial synergies [1] - The companies have completed a full ERP system upgrade, enhancing operational efficiency [1] - A regional marketing campaign has been launched to attract new customers [1] - New customer relationships have been established as part of the integration process [1]

Core Insights - Capstone Holding Corp. is progressing towards a $100 million revenue run-rate through strategic acquisitions, owned brands, and operational discipline [1] Group 1: Growth Strategy - The company has successfully captured advantages associated with scale in the building products sector [1] - Disciplined acquisitions have expanded Capstone's national footprint [1] - Strengthened supply chains and improved margins across its portfolio are key outcomes of the growth strategy [1]

Core Insights - Capstone Holding Corp. has signed a non-binding letter of intent to acquire a multi-location stone distribution business with annual revenue of $15 million [1] - The acquisition is expected to be immediately accretive to both revenue and EBITDA, supporting Capstone's goal of reaching a $100 million run-rate revenue target for 2026 [1] Financial Impact - The planned acquisition will enhance Capstone's revenue and EBITDA growth immediately [1] - The acquisition aligns with Capstone's strategic objective to expand its footprint and add premium brands to its portfolio [1]

Core Insights - President Donald Trump's job approval rating remains steady at 46%, with higher approval for handling crime (50%) and immigration (49%), but lower for inflation (40%) and trade policy (40%) [2][6] - Congressional approval has dropped to 32%, a decrease of 5 percentage points from the previous month [6] - A significant majority of voters (70%) oppose a government shutdown, with 53% blaming Republicans for the situation [5][11] Economic Outlook - 65% of voters believe inflation is above 3%, with 56% feeling the economy is shrinking [4][6] - 40% of voters think the country is on the right track, stable from last month, while 34% feel their personal financial situation is improving [6] - 43% of voters identify inflation as their most pressing personal issue, a decrease of 4 percentage points [6] Political Climate - 75% of voters believe current political rhetoric is too extreme, contributing to political violence [7][11] - 56% of voters think that leadership focused on unity could help bring the country together [11] - 58% of voters feel Trump's rhetoric is too extreme, with similar sentiments towards leading politicians from both parties [11] Public Sentiment on Policies - 78% of voters prefer free enterprise over socialism, with a notable majority across various demographics [10] - 71% support the destruction of boats carrying drugs from South America [9] - 56% of voters support Trump's Gaza peace plan, with 70% backing it after learning of support from major Arab governments [13][16] Views on the American Dream - 38% of voters believe they will never achieve the American Dream, while 34% think they will eventually live it [16] - 71% of voters prioritize having a family over economic success, with 78% expressing a desire to have children [16]

Core Insights - Capstone Holding Corp. has exchanged $1.9 million in debt for a newly issued series of non-convertible preferred equity, enhancing its balance sheet and positioning for future mergers and acquisitions [1] Financial Impact - The strategic deleveraging has resulted in the retirement of 100% of the targeted debt, which will lower the company's interest expense for 2026 by more than $170,000 [1]

Core Insights - Oppenheimer & Co. Inc. is expanding its Custody and Prime Services (CAPS) platform to better serve small- and mid-sized hedge funds, investment managers, and family offices, reflecting a strategic growth phase [1][2] Group 1: CAPS Platform Expansion - The CAPS platform has integrated its Fixed Income custody business, now supporting global fixed income, equities, and listed options, indicating a response to increasing demand from emerging managers [2][3] - Launched in 2022, CAPS leverages Oppenheimer's self-clearing and custody infrastructure, focusing on high-touch, service-oriented offerings that align with the firm's strengths in fundamental research, capital markets access, and execution services [3][4] Group 2: Strategic Focus and Client Relationships - The growth of CAPS is seen as a major milestone in building a comprehensive multi-asset custody and execution platform, with a particular emphasis on deepening relationships with family offices [4][5] - Oppenheimer is committed to providing flexible, transparent, and bespoke solutions to help clients manage risk and preserve capital across generations [4][5] Group 3: Institutional Strategy - The CAPS platform is integral to Oppenheimer's long-term institutional strategy, aiming to support evolving client needs with scalable solutions that reflect the firm's institutional strengths and focus on relationships [5]

Core Insights - Capstone Holding Corp. is actively engaging in dialogues with strategic acquisition targets, indicating a robust M&A strategy [1] - The recent acquisition of Carolina Stone has been successfully integrated, reinforcing the company's disciplined approach to mergers and acquisitions [1] M&A Pipeline Update - The company has a rich pipeline of acquisition targets, showcasing continued momentum in its M&A activities [1] - The focus remains on executing strategic acquisitions that align with the company's growth objectives [1]