Capstone Therapeutics Corp. Announces Transaction with Diamond Products Holdings, LLC
Capstone Subsidiary Issues Debt to Acquire Equity Interest in Operating Company
ALSIP, IL / ACCESSWIRE / April 6, 2021 / On March 31, 2021, the Company, through its relationship with Brookstone Partners (New York), executed definitive documents and acquired a minority interest in a consumer products company, Diamond Products, LLC ( Diamond ), a sexual wellness holding company. The transaction is based on the following structure: Brookstone Acquisition Partners XXI Corporation ( Brookstone XXI ) contributed its approximately 95% equity interest in Diamond, which represents approximately 62% equity ownership on a fully-diluted basis, to Diamond Products Holdings, LLC ( DPH ); The Company formed Capstone Beta LLC ( Beta ) as a wholly-owned subsidiary, and Beta purchased a portion of Brookstone XXI s interest in DPH;
Capstone Therapeutics Corp Announces Transaction with Diamond Products Holdings, LLC tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.