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Jaxsta Limited ( (AU:VNL) ) has provided an update.
Vinyl Group Ltd has issued 52,361,261 fully paid ordinary shares as part of a convertible note conversion and options exercise. This strategic move is expected to enhance the company’s financial flexibility and strengthen its position in the music industry, potentially benefiting stakeholders by expanding its market reach and operational capabilities.
More about Jaxsta Limited
Vinyl Group Ltd is an ASX-listed company in the music industry, offering tech and media solutions that connect music creators, fans, and brands. Its portfolio includes Vinyl.com, Vampr, Jaxsta, and Serenade, serving various aspects of the global music ecosystem. Vinyl Media, the company’s publishing arm, operates Mediaweek, Tone Deaf, and licenses Rolling Stone, Refinery29, and Variety in Australia.
Average Trading Volume: 1,024,757
Technical Sentiment Signal: Buy
Current Market Cap: A$163.7M
See more insights into VNL stock on TipRanks’ Stock Analysis page.