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Vinyl Group Ltd Issues New Shares to Bolster Services

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Vinyl Group Ltd Issues New Shares to Bolster Services

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Jaxsta Limited ( (AU:VNL) ) just unveiled an announcement.

Vinyl Group Ltd has issued 320,833 fully paid ordinary shares as part of a service-related issue. This move, announced without the need for disclosure under the Corporations Act, signifies the company’s ongoing compliance with regulatory requirements and its strategic efforts to enhance its operational capabilities and market positioning.

More about Jaxsta Limited

Vinyl Group Ltd is a prominent player in the music industry, offering a range of tech and media solutions that connect music creators, fans, and brands. The company operates a diverse portfolio including Vinyl.com, an e-commerce platform, Vampr, a social-professional network, Jaxsta, a large database of official music credits, and Serenade, a Web3 pioneer in collectibles. Vinyl Media, its publishing arm, manages several cultural and content platforms and licenses major mastheads in Australia.

Average Trading Volume: 918,359

Technical Sentiment Signal: Hold

Current Market Cap: A$122.1M

See more insights into VNL stock on TipRanks’ Stock Analysis page.

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