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Jaxsta Limited ( (AU:VNL) ) has issued an update.
Vinyl Group Ltd announced a change to the timeline for their Entitlements Offer, with the final allotment of underwritten shortfall securities set for January 28, 2025, and the subsequent listing of shares the following day. This adjustment in the schedule is likely to influence the company’s operational timelines and may have implications for stakeholders involved in the music industry ecosystem.
More about Jaxsta Limited
Vinyl Group Ltd is a prominent player in the music industry, offering technological solutions that connect music creators, fans, and brands globally. The company has a diverse portfolio that includes Vinyl.com, an ecommerce platform with over 50,000 titles; Vampr, a social-professional networking platform with 1.4 million creators; Jaxsta, the largest database of official music credits; and Serenade, a pioneer in Web3 collectibles. Additionally, Vinyl Group operates media entities like Mediaweek and The Brag Media, which publish well-known titles like Rolling Stone AU/NZ and Variety Australia.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $69.88M
For an in-depth examination of VNL stock, go to TipRanks’ Stock Analysis page.
