Capstone Holding Corp. filed an 8-K/A amendment providing audited financial statements of acquired business Fraser Canyon Holdings, Inc. (FCHI) for year ended December 31, 2024 and unaudited statements for nine months ended September 30, 2025, along with Exhibit 23.1 auditor consent and unaudited pro forma combined financial information reflecting the FCHI acquisition completed December 1, 2025.
Key takeaways
FCHI audited net revenue $16,420,348 and net income $18,474 for year ended December 31, 2024
FCHI unaudited net revenue $11,746,965 and net income $478,470 for nine months ended September 30, 2025
FCHI total assets $7,255,885 as of December 31, 2024 and $9,806,972 as of September 30, 2025
Acquisition completed December 1, 2025 via asset purchase of CSIA for $458,810 cash plus liabilities and share purchase of FCHI for C$6.2M cash (approx. $4.45M), notes totaling C$3.6M, and up to C$3M earn-out
Financing included $3.25M gross proceeds from senior secured convertible note issued October 22, 2025
GBQ Partners LLC issued unqualified audit opinion on FCHI 2024 financials dated February 17, 2026