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Jaxsta Limited ( (AU:VNL) ) has shared an announcement.
Vinyl Group Ltd has completed the issuance of 22,459,742 fully paid ordinary shares, with the majority allocated to Songtradr Inc following an equity conversion and shareholder approval. This strategic move is likely to enhance the company’s financial standing and operational capabilities, potentially strengthening its market position in the music and technology sectors.
More about Jaxsta Limited
Vinyl Group Ltd is a diversified music company that leverages technology to bridge culture and commerce. It operates through two main divisions: publishing and platforms. The platforms division includes Vinyl.com, a major e-commerce site with over 50,000 titles, Vampr, a social-professional network with 1.6 million creators worldwide, and Serenade, a Web3 platform for collectibles. The publishing division, Vinyl Media, offers premium content and live experiences, managing Concrete Playground, Mediaweek, and Tone Deaf, and licenses major mastheads like Rolling Stone and Variety in Australia.
YTD Price Performance: -12.00%
Average Trading Volume: 426,728
Technical Sentiment Signal: Sell
Current Market Cap: A$119.7M
Find detailed analytics on VNL stock on TipRanks’ Stock Analysis page.