Capstone Companies, Inc.

Item 1.01 Entry into a Material Definitive Agreement. General. On January 29, 2025, Capstone Companies, Inc. (“Company”) entered into an Amended and Revised Unsecured Promissory Note (“New Note”) evidencing a loan from Coppermine Ventures, LLC, a private Maryland limited liability company based in Baltimore County, Maryland, (“Coppermine”). The New Note amends, revises and supersedes the Unsecured Promissory Note, signed October 31, 2024, by the Company and Coppermine (“Old Note”). The principal of the New Note is Four Hundred Eight-Five Thousand One Hundred Sixty-Three U.S Dollars and No Cents ($485,163) (“New Principal”). The New Principal includes principal and interest accrued thereon under the Old Note. As of the date of the filing of this Current Report on Form 8-K (“Form 8-K”) with the Commission, One Hundred Twenty-Five Thousand Nine Hundred Fourteen Dollars ($125,914.00) has been loaned to the Company under the Old Note, and, on January 31, 2025, Fifty-Three Thousand Eighteen U.S. Dollars and No Cents ($53,018) was loaned to the Company under the New Note. Purpose of New Note. Company and Coppermine entered into the New Note to provide projected funding needed by the Company to pay for essential corporate maintenance expenses due in the first three fiscal quarters of 2025, being expenses deemed necessary by the Company to meet the reporting and filing requirements under federal and state securities laws and regulations, maintenance of the quotation of the Company’s Common Stock on the OTC Markets Group QB Venture Market and maintenance of directors’ and officers’ insurance and basic management and accounting operations. The New Principal is intended to provide sufficient working capital to maintain the corporate existence of the Company while the executive management continues efforts to develop or acquire a new business line or revenue generating operation. The Company is a public shell and has no revenue generating operations as of the date of the filing of this Form 8-K and relies on third party funding to sustain its corporate existence and efforts to develop or acquire a new business line. Use of Proceeds. Under the New Note, the Company will request funding in accordance with Table I below for the payment of the projected essential corporate maintenance funding specified below: Expense Quarter 1 2025 Quarter 2 2025 Quarter 3 2025 Totals ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Public company compliance/Regulatory Expenses $42,850 $27,050 $47,050 $116,950 Accounting/Legal $46,860 $23,300 $56,300 $126,460 Insurance $14,769 $14,769 $14,679 $44,307 Software/ $6,884 $6,055 $5,575 $18,514 Operating Expense Projected Working Capital. Needs through 9-30-2025 $111,363 $71,174 $123,694 $306,231 The Company’s actual funding needs for these essential operating expenses may exceed the New Principal. Coppermine is under no obligation to provide funding in excess of, and has not made, as of the date of the filing of this Form 8-K with the Commission, any commitment for funding in excess of, the New Principal. The New Principal will also not fund development or acquisition of a new business line for the Company. Interest. The principal under the New Note accrues interest at a simple annual rate of 7%. Lump Sum Payment. The New Note provides for a lump-sum payment of New Principal and interest accrued thereon, which imposes a substantial financial burden on the Company. Maturity. Principal and accrued interest thereon under the New Note, which includes the principal and interested accrued thereon under the Old Note, are due and payable in a single lump sum due on December 31, 2025, unless occurrence of certain events causes (summarized in Acceleration of Maturity below) causes all sums to become due prior to December 31, 2025. The Company may pre-pay the New Principal and interest accrued thereon without charge or penalty. Acceleration of Maturity. Under the New Note, the principal and interest accrued thereon shall become due before December 31, 2025 if: (1) Company files a voluntary bankruptcy petition; (2) an involuntary bankruptcy petition is filed on the Company; (3) Company ceases to be a reporting company under the Securities Exchange Act of 1934 (“1934 Act”); or (4) Company’s Common Stock is not quoted on any tier to The OTC Markets Group. Unsecured Debt. The debt owed under the New Note is not secured by any collateral and there are no guarantors of that debt. Payment of Debt. As of the date of the filing of this Form 8-K, the Company does not have revenue-generating operations or sufficient cash reserves to pay the New Principal and interest accrued thereon. If the Company does not acquire or develop revenue generating revenues by the maturity date, December 31, 2025, or by an accelerated due date, then the Company would have to raise additional funding to pay sums due under the New Note, restructure the payment of the sums due under the New Note, or both, in order to avoid a default. The above summary of the New Note does not disclose all the terms and conditions of the New Note, and the above summary is qualified in its entirety by reference to the New Note, which is filed as Exhibit 10.1 to this Form 8-K. Item 9.01. Financials and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 99.1 Capstone Companies, Inc. Press Release, dated February 4, 2025, re: Amended and Revised Unsecured Promissory Note. 10.1 Amended and Restated Promissory Note issued by Capstone Companies, Inc. to Coppermine Ventures, LLC, dated January 29, 2025.