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An update from Jaxsta Limited ( (AU:VNL) ) is now available.
Vinyl Group Ltd has announced a strategic partnership with Songtradr Inc., securing a $1.5 million revolving line of credit to boost its e-commerce sales on Vinyl.com during the holiday season. Additionally, the company proposes converting certain historical liabilities into equity, pending shareholder approval, to strengthen its balance sheet and support long-term growth.
More about Jaxsta Limited
Vinyl Group Ltd is Australia’s only ASX-listed music company, focusing on the music industry with a direct-to-consumer vinyl marketplace, Vinyl.com. The company is involved in strategic partnerships to enhance its market presence and financial flexibility.
YTD Price Performance: 20.0%
Average Trading Volume: 1,010,652
Technical Sentiment Signal: Buy
Current Market Cap: A$161.6M
For an in-depth examination of VNL stock, go to TipRanks’ Overview page.