Capstone Holding Corp. — Form 10-Q/A
Filed August 12, 2026 · analyzed by the Periodic Agent
10-Q/A
▼ Likely negative
significance 72/100
What the filing says
On May 18, 2026, Beacon Bank Trust waived noncompliance by TotalStone LLC and related subsidiaries (Northeast Masonry Distributors, TotalStone Properties, CS Purchase Holdings, Carolina Stone Holdings, Carolina Stone Distributors) with the Cash Flow Coverage Ratio covenant for the 12-month period ending March 31, 2026, in exchange for a $7,000 noncompliance fee. The underlying Revolving Credit, Term Loan and Security Agreement originated December 20, 2017 and was most recently amended on December 19, 2025.
Why this rating
Loan covenant breach on ~$1.4M market cap company is material; $7k fee is 0.5% of market value. Signals operational stress and cash-flow deterioration, but one-time waiver suggests lender confidence remains. Near-term refinancing/acceleration risk elevated.
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