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An update from Jaxsta Limited ( (AU:VNL) ) is now available.
Vinyl Group Ltd has successfully completed its retail entitlement offer, raising approximately A$7.65 million. This funding will be used to acquire Concrete Playground Pty Ltd and enhance cash reserves for previous acquisitions and additional working capital. The offer received strong support from shareholders, reflecting confidence in the company’s strategy to deliver value and move towards profitability. The new shares from this offer will be allotted and start trading on the ASX soon, potentially strengthening Vinyl Group’s market position and offering further opportunities for stakeholders.
More about Jaxsta Limited
Vinyl Group Ltd is an ASX-listed company that operates within the music industry, providing technology solutions that connect music creators, fans, and brands. The company’s diverse portfolio includes a world-class ecommerce platform, a social-professional networking platform and talent marketplace, a large database of official music credits, and a media arm with leading publications and content creation. Their platforms serve a global audience, empowering creators and consumers worldwide.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $71.08M
See more data about VNL stock on TipRanks’ Stock Analysis page.
