Welcome to our dedicated page for Capstone Comp news (Ticker: CAPC), a resource for investors and traders seeking the latest updates and insights on Capstone Comp stock.
Capstone Companies, Inc. news covers an OTCQB-quoted SEC reporting company seeking to establish a new revenue-generating business line after ending its former LED and Smart Mirror consumer product operations. Recent company updates center on health, fitness and social activities strategy, sports-entertainment recreational center concepts, application-development discussions, and efforts to support corporate maintenance while pursuing new operations.
Recurring developments also include working-capital financing through promissory notes, board and executive appointments, and licensing activity for the Connected Chef kitchen tablet. The company’s news flow reflects its transition from prior consumer products toward business-line development, capital support, governance changes, and related material agreements.
Capstone Companies, Inc. (OTC: CAPC) will release its First Quarter 2021 financial results after market close on May 17, 2021. A conference call hosted by President Stewart Wallach and CFO Gerry McClinton will follow on May 18, 2021, at 10:30 a.m. ET to discuss these results, the Company’s strategy, and future outlook. Investors can access the call via phone or an internet webcast available on Capstone's website. A replay will be available until May 25, 2021.
Capstone Companies, Inc. (OTC: CAPC) has successfully raised $1.498 million through a private equity placement, selling 2,496,667 shares of restricted common stock to five accredited investors. This funding is aimed at enhancing the company's e-commerce inventory to meet consumer demand for rapid deliveries. Chairman and CEO Stewart Wallach expressed satisfaction in avoiding costly debt and aligning with investors supportive of its new product line. The placement was facilitated by Littlebanc Advisors, LLC and Wilmington Capital Securities, LLC.
Capstone Companies, Inc. (OTC: CAPC) reported significant declines in revenue and earnings for the full year 2020, largely attributed to the COVID-19 pandemic impact. Despite these challenges, the company successfully developed its Connected Surfaces program and plans to introduce the innovative Smart Mirror product. CEO Stewart Wallach highlighted the achievements during a tumultuous year, emphasizing the resilience in finalizing new product developments amid global supply chain disruptions.
Capstone Companies, Inc. (OTC: CAPC) announced it will release its Year-End 2020 financial results on March 31, 2021, after market close. A conference call will be held on April 1, 2021, at 10:30 a.m. ET, featuring CEO Stewart Wallach and CFO Gerry McClinton, who will discuss the financial results and company outlook, followed by a Q&A session. Interested parties can access the call via phone or an internet webcast. The call will be archived for later listening.
Capstone Companies, Inc. (OTC: CAPC) announced a conference call and webcast led by CEO Stewart Wallach on March 18, 2021, to discuss a corporate strategic update for 2021, focusing on the new Smart Mirror program. Wallach expressed optimism about the Smart Mirror's potential and acknowledged shareholder support during challenging times. The call will begin at 11:30 a.m. ET, with a replay available afterward. Shareholders are encouraged to visit Capstone's updated website for more information and product reservations.
Capstone Companies, Inc. (OTC: CAPC) announced that the Depository Trust Company (DTC) has approved its common stock for DWAC/FAST transfers. This capability allows shareholders to transfer CAPC shares electronically, enhancing convenience and reducing costs associated with physical share certificates. Aimee C. Brown, Capstone’s Corporate Secretary, stated that this improvement aligns with their efforts to provide shareholder-friendly services. DWAC facilitates electronic transfers directly via a FAST transfer agent, streamlining share management.
Capstone Companies, Inc. (OTC: CAPC) announces the launch of two new smart mirror styles in its 2021 product lineup. The Wardrobe / Fitness Smart Mirror expands the Connected Surfaces collection, featuring both full-length mirror functionality and innovative virtual content delivery. CEO Stewart Wallach emphasized the broader application of their mirrors compared to traditional fitness mirrors. The updated website facilitates user reservations for the new products. Caution is advised for investors, as the press release mentions substantial risks, including the impact of COVID-19 and market competition.
Capstone Companies (OTC: CAPC) announced an update to its website, featuring the new Smart Mirror product line with e-commerce pre-order capabilities. CEO Stewart Wallach highlighted this as a significant step towards the product launch, noting a strong initial interest. The rollout faced delays due to the COVID-19 pandemic and the shift of production to Thailand. The company emphasizes that investments in its common stock are risky, and potential investors should refer to SEC filings for detailed risk factors.
Capstone Companies, Inc. (OTC: CAPC) announced a $750,000 unsecured credit line from management members, Stewart Wallach and Jeffrey Postal. The loan, accruing simple interest at 1% per annum, is due by June 30, 2021, with the option to extend until December 31, 2021. This financing aims to support operational costs amid declining revenues and delayed product launches, including the upcoming Smart Mirror line, which is expected to replace traditional LED products. Management expresses confidence in the new product's potential to capture market interest.