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Capstone Therapeutics Corp. Announces Transaction with Diamond Products Holdings, LLC


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; ....

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