Jaxsta Limited (AU:VNL) has released an update.
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Jaxsta Limited has successfully completed a retail entitlement offer, raising $5.4 million with robust shareholder backing, which was fully underwritten by Peloton Capital and Red Leaf Securities. The funds will be channeled into ramping up user acquisition for its Vinyl and Vampr platforms, cutting Jaxsta platform technology costs, and expanding its media business. The company’s CEO expressed gratitude for the shareholder support, reaffirming their commitment to driving the business towards profitability.
For further insights into AU:VNL stock, check out TipRanks’ Stock Analysis page.
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