Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
SOURCE Capstone Financial Group, Inc.
IRVINE, Calif., Sept. 19, 2013 /PRNewswire/ -- Capstone Financial Group, Inc. (OTCBB: CAPP) ("Capstone"), an investment and merchant banking group, today announced a twenty-for-one forward stock split of its issued and outstanding common stock (the "forward split"). Following the forward split, each share of Capstone's common stock outstanding will represent 20 shares of common stock on a post-split basis.
On the record date of September 23, 2013, Capstone's common stock will begin trading on a post-split adjusted basis. Capstone Financial Group, Inc.'s ticker symbol of "CAPP" will remain unchanged as a result of the forward split; however, the effectiveness of the forward stock split is subject to approval by FINRA.
"We are pleased to announce the implementation of our forward split which we expect to encourage more liquidity in our stock trading. This puts our company on target to add and maximize shareholder value," said Darin Pastor, Chairman and Chief Executive Officer.
Shareholders holding common stock will not be required to take any action and each share of common stock outstanding prior to the effective time of the split will thereafter represent the number of shares of common stock, on an adjusted post-split basis, following the effective time of the split. Shares of common stock held in brokerage accounts should also be credited with the split amount without further action. The forward split will increase the number of issued and outstanding shares to 90,200,000. For more information, brokerage customers should contact their brokerage representative.
Pastor and George Schneider, President and Chief Investment Officer, also announced this week that Capstone advised and funded through direct investment the current financial needs of Instant-BioScan (http://www.ibioscan.com/), a Tucson-based manufacturer of real-time microbial systems for water. Additionally, Capstone cemented the exclusive rights to advise and raise $221,000,000 through a bond offering for a large multinational corporation within the health, wellness, and nutritional supplement industry. The firm expects this transaction to close in mid-October.
About Capstone Financial Group, Inc.
Capstone Financial Group, Inc. (CAPP) is an exclusive investment and merchant banking group headquartered in Irvine, Calif. Founded in 2013 by Chairman and Chief Executive Officer Darin Pastor, the company includes wholly-owned subsidiaries Capstone Investment Banking, Capstone Merchant Banking, and Capstone Affluent Strategies. The firm's executive management team consists of leaders who have more than 100 collective years of experience in wealth management and investment banking, with a surgical understanding of clean technology and industrial growth, capital raising services concerning municipal government interests, and private placements and public offerings of corporate debt and corporate equity. For more information, visit www.capstonefinancialgroupinc.com.
Statements in this press release relating to Capstone Financial Group, Inc.'s future plans, expectations, beliefs, intentions and prospects are "forward-looking statements" and are subject to material risks and uncertainties. When used in this press release, the words "will," "future," "expect," "look forward to," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Capstone Financial Group, Inc. that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of September 19, 2013. Capstone Financial Group, Inc. undertakes no duty to update any statement in light of new information or future events.
©2012 PR Newswire. All Rights Reserved.