Vinyl Group Ltd Issues New Shares to Strengthen Financial Position

Jaxsta Limited ( (AU:VNL) ) has shared an announcement.

Vinyl Group Ltd has issued 4,078,947 fully paid ordinary shares as part of the exercise of director options, without disclosure under the Corporations Act, and has lodged an application for quotation of these securities with the ASX. This move is part of the company’s ongoing compliance with regulatory requirements and reflects its strategic efforts to strengthen its financial position and enhance shareholder value.

More about Jaxsta Limited

Vinyl Group Ltd is Australia’s only ASX-listed music company, providing tech 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 collectibles platform. 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

Learn more about VNL stock on TipRanks’ Stock Analysis page.