Capstone Companies and eBliss Global Issue Joint Statement Regarding Proposed Business Combination Process

Rhea-AI Summary

Capstone Companies (OTCQB:CAPC) and eBliss Global provided an update on their proposed business combination following a binding Letter of Intent. Both companies are conducting coordinated due diligence, evaluating transaction structures, and exploring financing alternatives. The process remains in the evaluation phase, with no definitive agreement executed and no assurance a transaction will be completed.

AI-generated analysis. Not financial advice.

Positive

• Binding Letter of Intent for a proposed business combination with eBliss Global
• Mutual due diligence and transaction planning activities are actively underway
• Parties are evaluating transaction structures and related financing alternatives

Negative

• No definitive agreement has been executed for the proposed business combination
• Completion of any transaction is uncertain and subject to multiple closing conditions

News Market Reaction – CAPC

+28.57%

1 alert

+28.57% News Effect

On the day this news was published, CAPC gained 28.57%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DEERFIELD BEACH, FL / ACCESS Newswire / May 26, 2026 / Following the recent announcement of a binding Letter of Intent ("LOI") regarding a proposed business combination, Capstone Companies, Inc., a Florida corporation, ("Company") (OTCQB:CAPC) and eBliss Global, Inc. ("eBliss") today issued a joint update regarding the ongoing evaluation process.

Since execution of the LOI, both organizations have commenced coordinated diligence, planning, and transaction evaluation activities contemplated by the agreement, including engagement with legal, accounting, and strategic advisors.

Bill Klehm, Chairman and Chief Executive Officer of eBliss Global, stated "We are approaching this process with a strong commitment to diligence, collaboration, and long-term alignment. The work currently underway is intended to evaluate strategic fit, operational readiness, and the potential to build a stronger platform through disciplined execution."

Stewart Wallach, Chairman of Capstone Companies, added: "We entered into this process with a shared understanding that any potential transaction must be evaluated carefully, thoughtfully, and with disciplined execution. Our focus remains on determining whether a structure can be achieved that appropriately supports shareholders, operational objectives, and long-term value creation.

The parties emphasized that activities remain in the diligence and evaluation phase and that no definitive agreement has been executed. As previously disclosed, the parties are conducting mutual due diligence, evaluating transaction structures, and exploring financing alternatives in connection with the proposed business combination.

There can be no assurance that the parties will enter into a definitive agreement or that any proposed transaction will ultimately be completed. Any potential transaction remains subject to completion of due diligence, negotiation of definitive agreements, board approvals, financing arrangements, regulatory considerations, and customary closing conditions.

Additional updates will be provided as material developments occur and as required by applicable securities laws.

About Capstone Companies, Inc.

Capstone is a public company (OTCQB:CAPC) focused on developing and commercializing emerging technologies, consumer products, and strategic business opportunities.

About eBliss Global, Inc.

eBliss Global, Inc. is focused on advancing scalable business initiatives across wellness, technology, and consumer-focused market opportunities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements involve risks and uncertainties, including the ability of the parties to complete due diligence, negotiate definitive agreements, obtain financing, satisfy closing conditions, and consummate any proposed transaction. Actual results may differ materially from those contemplated in such statements.

Investor Relations Contact:

Capstone Companies, Inc.
Stewart Wallach
(954) 570-8889
swallach@capstonecompaniesinc.com

SOURCE: Capstone Companies

View the original press release on ACCESS Newswire

FAQ

What did Capstone Companies (OTCQB:CAPC) and eBliss Global announce on May 26, 2026?

Capstone Companies and eBliss Global announced an update on their proposed business combination process. According to Capstone, the firms are pursuing due diligence, transaction evaluation, and planning activities under a binding Letter of Intent but remain in the assessment phase.

Is the Capstone (CAPC) and eBliss Global business combination agreement finalized?

No, the agreement between Capstone and eBliss Global is not finalized. According to Capstone, activities remain in the diligence and evaluation phase, and no definitive agreement has been executed, meaning the transaction structure and terms are still under review.

What stage is the Capstone (CAPC) and eBliss Global proposed merger currently in?

The proposed merger is in the mutual due diligence and evaluation stage. According to Capstone, both parties are assessing strategic fit, operational readiness, transaction structures, and financing alternatives before deciding whether to negotiate and execute definitive agreements.

What conditions must be met before Capstone (CAPC) and eBliss Global can complete a transaction?

Any transaction must satisfy several conditions before completion. According to Capstone, these include completion of due diligence, negotiation of definitive agreements, board approvals, financing arrangements, regulatory considerations, and customary closing conditions, with no assurance all requirements will be met.

How does the proposed Capstone (CAPC) and eBliss Global deal impact shareholders now?

For now, the impact on shareholders is uncertain because no definitive deal exists. According to Capstone, the parties are still determining whether a transaction structure can be achieved that supports shareholders, operational objectives, and long-term value creation.

Will Capstone (CAPC) and eBliss Global provide more updates on the business combination process?

Yes, further updates are planned as the evaluation continues. According to Capstone, additional information will be provided when there are material developments and as required by applicable securities laws during the proposed business combination process.