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Jaxsta Limited ( (AU:VNL) ) has provided an announcement.
Vinyl Group Ltd has finalized an equity conversion agreement with Songtradr, Inc., converting historical liabilities into equity and acquiring the Vinyl.com domain name. This move strengthens Vinyl Group’s balance sheet, simplifies its capital structure, and positions the company for sustainable growth and long-term profitability, enhancing shareholder value and confidence in its strategic direction.
More about Jaxsta Limited
Vinyl Group Ltd is Australia’s only ASX-listed music company, providing technology and media solutions that connect music creators, fans, and brands. The company operates a diverse portfolio in the global music ecosystem, including Vinyl.com, an e-commerce platform; Vampr, a social-professional network; Jaxsta, a music credits database; and Serenade, a Web3 collectibles platform. Vinyl Media, its publishing arm, manages various cultural and content platforms and licenses major mastheads in Australia.
YTD Price Performance: -11.00%
Average Trading Volume: 525,034
Technical Sentiment Signal: Sell
Current Market Cap: A$120.3M
See more insights into VNL stock on TipRanks’ Stock Analysis page.