BIR Financial Limited has negotiated terms to acquire Capital Financial Planning WA Pty Ltd for AUD 0.92 million on January 12, 2023. The purchase price will be AUD 400,000 in cash and 14,000,000 BIR shares. Capital Financial Planning will form a separate business unit under BIR.

The acquisition is conditional on the finalisation of due diligence enquiries by BIR, finalisation of the transaction documents, BIR raising further finance and all necessary shareholder and regulatory approvals.