John V. Cappello signed a letter of intent to acquire 53.95% stake in Castle Holding Corp. (OTCPK:CHOD) from George R. Hebert, Michael T. Studer, Kathleen E. Studer Pastore and Kristin A. Godsey for $0.2 million in cash on June 6, 2014. In related transactions, Castle Holding will issue 2 million shares each to acquire portfolio of patents and for acquisition of stake in Emergent Health from John V. Cappello; and will issue an additional 3 million shares to John V. Cappello for $0.045 million. Castle Holding has the right to spin out Castle Advisors, Inc. to George R. Hebert, Michael T. Studer, Kathleen E. Studer Pastore and Kristin A. Godsey within one year after the closing. The transaction is subject to due diligence and is expected to close on or before October 1, 2014. As of October 30, 2014, the transaction is expected to complete on November 20, 2014.

John V. Cappello signed a stock purchase agreement to acquire 53.95% stake in Castle Holding Corp. (OTCPK:CHOD) from George R. Hebert, Michael T. Studer, Kathleen E. Studer Pastore and Kristin A. Godsey for $0.2 million in cash on November 20, 2014. The transaction is subject to government approval and others.