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Jaxsta Limited ( (AU:VNL) ) has issued an update.
Vinyl Group Ltd has announced a delay in lodging cleansing notices due to an administrative oversight, which affected the issuance of shares following the exercise of options and conversion of convertible notes. The company is auditing its filings from the past five years and plans to seek relief from the Federal Court to extend the time for lodging these notices. This move aims to ensure compliance and maintain transparency with stakeholders, as the market will be updated on the progress of the application.
More about Jaxsta Limited
Vinyl Group Ltd operates within the music industry, offering technology and media solutions that connect music creators, fans, and brands. The company’s diverse portfolio includes Vinyl.com, an e-commerce platform; Vampr, a social-professional network; Jaxsta, a music credits database; and Serenade, a Web3 collectibles service. Vinyl Media, their publishing arm, manages various media outlets and licenses well-known mastheads in Australia.
Average Trading Volume: 1,001,072
Technical Sentiment Signal: Buy
Current Market Cap: A$163.7M
For a thorough assessment of VNL stock, go to TipRanks’ Stock Analysis page.