Capstone Companies, Inc. announces Execution of Binding Letter of Intent with eBliss Global, Inc.

DEERFIELD BEACH, FL / [ACCESS Newswire](https://www.accessnewswire.com/) / May 18, 2026 / Capstone Companies, Inc. ("Capstone") (OTCQB:CAPC) today announced that it has entered into a binding Letter of Intent ("LOI") with eBliss Global, Inc. ("eBliss") for commencement of negotiations and mutual due diligence reviews to explore the possibility of a mutually acceptable acquisition of 100% of the issued capital stock of eBliss in tax-free stock-for-stock reorganization or similar acquisition transaction ("Transaction").
Under the LOI, Capstone and eBliss agreed to:
\-commence negotiations for a mutually acceptable Transaction agreement;
\-conduct mutual and usual and customary due diligence reviews;
\-a mutual ‘no shop' provision for the period from May 14, 2026 through July 1, 2026 ("Period"), subject to the right of Capstone or eBliss to terminate the LOI and ‘no shop' provision without cause and upon prior written notice; and
\-joint pursuit of funding required to fund estimated Transaction costs and post-transaction working capital for both companies.
The LOI also contains customary exclusivity, confidentiality, due diligence access, and process-related provisions. The LOI was filed as an exhibit to the Company's Form 8-K filed on May 15, 2026, with the Securities and Exchange Commission ("SEC") and the above summary is qualified in its entirety by reference to the LOI, which may be accessed without charge through the Search EDGAR link at the SEC's website at URL: [www.sec.gov](https://pr.report/lmhn) or on the Capstone website at URL: [https://investors.capstonecompaniesinc.com/sec-filings](https://pr.report/lmho)
Stewart Wallach, Chairman of Capstone Companies, stated: "We believe this LOI represents an important step toward evaluating a potential transaction that could enhance Capstone's long-term positioning and future growth opportunities. Both organizations are now entering a structured diligence and negotiation phase to determine whether agreement for a transaction can be reached."
No binding agreement to enter into a definitive agreement for, or to consummate, any Transaction or other significant corporate transaction exists between Capstone and eBliss. No assurances can be given that Capstone and eBliss will reach a definitive agreement for a Transaction or other significant corporate transaction, or that any Transaction or other significant corporate transaction agreement will be consummated. Any Transaction would remain subject to, among other things, completion of due diligence, negotiation of definitive agreements, board approvals, shareholder approvals, federal and state regulatory compliance, adequate and timely financing and satisfaction of customary closing conditions. Obtaining adequate funding or funding commitments for Transaction costs and working capital for eBliss's initial production of product is critical to the prospects of reaching agreement for, and consummating, any Transaction.
Background. From 2024 into early 2026, Capstone conducted an ongoing effort to find a business or new business line with sustained revenue generating capability and growth potential. Despite this ongoing, extensive effort, Capstone did not receive a firm commitment or formal proposal for the funding, acquisition or internal development of a suitable business. The eBliss negotiations represents a formal negotiation for a possible Transaction. Capstone estimates that it has sufficient third party funding to cover basic corporate overhead through 2025, but it has no commitments or assurances of any additional funding. As such, progress in establishing a new business in 2026 is deemed important to efforts to the future of Capstone.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public company focused on developing and commercializing emerging technologies, consumer products, and strategic business opportunities.
About eBliss
eBliss is an early stage, pre-production Delaware corporation with a developed electronic bicycle product (described at the eBliss website at [https://ebliss.global/](https://pr.report/lmhp)). Production of this product at Utica, New York facility is subject to eBliss securing adequate, timely funding, which funding effort is part of the joint efforts of Capstone and eBliss under the LOI.