Elixirr International plc (AIM:ELIX) acquired Coast Digital Limited for £3.7 million on October 29, 2020. Elixirr International plc shall pay £2.2 million in cash along with issuance of 0.44 million shares. Elixirr International plc shall also pay £0.4 million through issuance of shares as earnout payment contingent on Coast Digital achieving EBITDA targets in 2021 and 2022. For year ended April 30, 2020, Coast Digital reported profit before tax of £0.85 million. The current management team will continue to lead Coast Digital. The transaction is immediately earnings enhancing. M&A Advisory acted as financial advisor to Coast Digital Limited. Christopher Raggett, Simon Hicks and Andrew Burdis of FinnCap Ltd acted as financial adviser to Elixirr Elixirr International plc (AIM:ELIX) completed the acquisition of Coast Digital Limited for on October 29, 2020.