Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group Ltd, the only ASX-listed music company, has successfully completed the institutional component of its entitlement offer, raising approximately A$4.26 million. The retail entitlement offer, set to open on December 24, 2024, aims to raise the remaining A$3.39 million, all fully underwritten. CEO Josh Simons expressed optimism, emphasizing the funds’ role in driving profitability and enhancing their product suite.
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