COSOL Limited (ASX:COS) entered into a binding Share Purchase Agreement to acquire Core Asset Co Pty Ltd from Spiral X Pty Ltd for AUD 6.1 million on April 19, 2024. COSOL will pay the vendor approximately AUD 2.9 million in cash and a further AUD 2.5 million in resulting in the issue of 2,538,844 COSOL shares. A further earn-out consideration of AUD 700,000 is payable to the vendor subject to EBITDA performance hurdles being met.

Core Asset founder Joshua Old will join COSOL?s senior leadership team and continue as Chief Executive Officer of the Core Asset business within the COSOL Group Immediately Earnings Per Share accretive