Jaxsta Limited ( (AU:VNL) ) has issued an announcement.
Vinyl Group Ltd has announced a capital inflow of $1.21 million following the exercise of options by strategic investors, including Songtradr, Inc. and Realwise Holdings Pty Ltd. This development results in the removal of all convertible notes and associated options from the company’s balance sheet, strengthening its capital position and demonstrating continued investor support. The company plans to update shareholders on its technology, media, and e-commerce divisions in the future.
More about Jaxsta Limited
Vinyl Group Ltd is Australia’s only ASX-listed music company, providing technology and media solutions that connect music creators, fans, and brands. The company’s diverse portfolio includes Vinyl.com, an e-commerce platform; Vampr, a social-professional network; Jaxsta, a music credits database; and Serenade, a Web3 collectibles platform. Vinyl Media, the company’s publishing arm, operates several media outlets and licenses major mastheads in Australia.
Average Trading Volume: 20,557
Technical Sentiment Signal: Hold
Current Market Cap: $79.79M
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