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Vinyl Group Converts $2M Liability to Equity, Secures Vinyl.com Ownership

8:54am on Monday 29th of September, 2025 AEST Technology
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Vinyl Group Converts $2M Liability to Equity, Secures Vinyl.com Ownership

8:54am on Monday 29th of September, 2025 AEST
Key Points
  • Binding agreement converts Neighbouring Rights Advance liability into equity
  • Approximately A$1.98 million in shares issued to Songtradr at $0.099 per share
  • No cash payment involved; liabilities fully settled by share issuance
  • Full ownership of strategic Vinyl.com domain secured
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