CAPSTONE COMPANIES, INC. 8-K

What Happened

• Capstone Companies, Inc. (CAPC) filed an 8‑K reporting that on January 9, 2026 it entered an Unsecured Promissory Note for working capital with Coppermine Ventures, LLC for a principal of $558,191. The New Note replaces a prior note and carries simple annual interest of 7%, with principal and accrued interest due December 31, 2026 (company can extend to March 1, 2027). The loan is unsecured and does not convert into equity.
• On January 12, 2026, Capstone signed a letter agreement with Eschenburg Perez CPA, LLC to provide financial, accounting and related administrative services (including liaison with the public auditor and fractional CFO duties) for preparation and filing of the company’s 2026 Form 10‑K and Form 10‑Q reports.

Key Details

• Loan principal: $558,191 total (includes $485,000 previously loaned under the Former Note plus $73,191 planned advance in Q1 2026 in three installments).
• Interest and payment: 7% simple annual interest; lump-sum payment due Dec 31, 2026; unilateral extension to Mar 1, 2027 permitted by the company.
• Security and conversion: Loan is unsecured and contains no conversion rights into equity.
• Accounting engagement: Eschenburg Perez billed at $275/hour; estimated fees ~$35,000 for the 10‑K and ~$15,000 for each 10‑Q; engagement terminable on 15 days’ written notice; Dana E. Perez is the principal/provider.

Why It Matters

• The promissory note provides Capstone with short‑term liquidity to cover essential corporate maintenance expenses in early 2026, which may be critical for operations and regulatory compliance. Because the debt is unsecured and due by year‑end 2026 (or shortly thereafter if extended), investors should note the company will need to repay or refinance this obligation within a relatively short timeframe.
• The accounting engagement signals the company is securing external resources to prepare and file its 2026 financial reports and to interact with auditors, which is relevant for timely reporting and financial oversight.