Capstone Holding, a wholesale distributor of stone-based construction materials in the northeast US, raised $5 million by offering 1.3 million shares at $4, as expected.
Capstone Holding had been quoted on the OTCQB (CAPS).
At pricing, the company has a market cap of less than $50 million. As a result, Capstone Holding will be excluded from Renaissance Capital's 2025 IPO stats.
The company distributes over 1,980 SKUs, spanning thin veneer stone, natural stone products, stone panels, stone landscape products, and stone fireplaces. Capstone has over 400 active customers, which primarily comprise of various building product distributors in the midwestern and northeastern US, and serves them via four distribution centers.
Capstone Holding plans to list on the Nasdaq under the symbol CAPS. Joseph Gunnar acted as sole bookrunner on the deal.
