Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group Ltd, the sole ASX-listed music company, has announced a fully underwritten pro-rata entitlement offer to raise approximately A$7.645 million. Eligible shareholders will be able to purchase 1 new share for every 15.5 shares they hold, with the offer expected to have minimal impact on the company’s control. This strategic move aims to strengthen the company’s financial position as it continues to empower the global music ecosystem.
For further insights into AU:VNL stock, check out TipRanks’ Stock Analysis page.
