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Sutton Hall, Auctus Capital enter purchase agreement

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Sutton Hall, Auctus Capital enter purchase agreement

Sutton Hall LLC and Auctus Capital Inc. entered into a purchase agreement in which Auctus Capital would acquire Sutton Hall's interest in Woodville Hall Capital LLC.

Pursuant to the agreement, Woodville Hall applied for a change of control with the Financial Industry Regulatory Authority, which was approved on Dec. 18, 2017. The acquisition will be completed on Dec. 22.

Woodville Hall Capital LLC, which is now known as Auctus Securities LLC, is a wholly owned subsidiary of Auctus Capital Inc., and it will be dependent on its parent for capital infusions and administrative support for the year ending Dec. 31.