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Jaxsta Limited ( (AU:VNL) ) just unveiled an update.
Vinyl Group Ltd has issued 5,000,000 fully paid ordinary shares as part of the exercise of director options, without disclosure under Part 6D.2 of the Corporations Act. This strategic move could potentially enhance the company’s financial flexibility and strengthen its position in the music industry, benefiting stakeholders by expanding its market presence.
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. Its diverse portfolio includes Vinyl.com, an e-commerce platform; Vampr, a social-professional network; Jaxsta, a music credits database; and Serenade, a Web3 platform for collectibles. The company also operates a publishing arm, Vinyl Media, which includes Mediaweek, Tone Deaf, and licenses for Rolling Stone, Refinery29, and Variety in Australia.
Average Trading Volume: 1,008,518
Technical Sentiment Signal: Buy
Current Market Cap: A$163.7M
See more insights into VNL stock on TipRanks’ Stock Analysis page.