New Zealand Coastal Seafoods Limited (ASX:NZS) entered into a binding share purchase agreement to acquire Nine Ocean Fishery Pty Ltd and PXYY Pty Ltd from Investment Advisers Alliance Pty Limited for AUD 3.2 million on October 5, 2022. New Zealand Coastal Seafoods Limited will issue 527,005,031 fully paid ordinary shares and 206,751,257 options to acquire Shares to the shareholders of Nine Ocean at completion of the transaction. New Zealand Coastal Seafoods will also issue 150,000,000 Shares where the total revenue of Nine Ocean within 12 months from completion is greater than AUD 3.1 mllion and it will also issue 225,000,000 Shares where the total revenue of Nine Ocean within 12 months from completion or within the 12 month period which commences on the date which is 12 months from completion and ends 24 months from completion is greater than AUD 6.2 million. Peter Chai of Nine Ocean will be appointed as a Director of the New Zealand Coastal Seafoods Limited at completion of the transaction. The completion of transaction is subject to consummation of due diligence investigation, meridian share purchase agreement, Approval from Nine ocean and New Zealand Coastal Seafoods shareholders, Government, regulatory and Third party approval and waiver of ASX.

New Zealand Coastal Seafoods Limited (ASX:NZS) completed the acquisition of Nine Ocean Fishery Pty Ltd and PXYY Pty Ltd from Investment Advisers Alliance Pty Limited on February 28, 2023.