Vinyl Group Acquires UK Web3 Platform Serenade; Shares Up 8%

MT Newswires Live

Sep 30, 2024

Vinyl Group (ASX:VNL) agreed to acquire the assets of UK-based Web3 platform Serenade through a business deed sale, according to a Monday filing with the Australian Securities Exchange.

Consideration for the sale includes an upfront payment of $800,000 in Vinyl shares and an additional $1.5 million shares to Serenade shareholders, contingent on the combined business of Vinyl.com and Serenade achieving a minimum revenue target of $4 million and earnings before interest and taxes of $500,000 in the 12 months after the completion date, the filing said.

The company will also purchase Serenade's UK subsidiary for $1 with a 1-month put option, according to the filing.

Vinyl Group shares rose more than 8% in morning trade on Monday.

Price (AUD): $0.11, Change: $+0.01, Percent Change: +8.24%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2471689049"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2471689049\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2471689049?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-30 09:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2471689049","market":"fut","top_or_hot":-1,"title":"Vinyl Group Acquires UK Web3 Platform Serenade; Shares Up 8%","media":"MT Newswires Live","content":"<html><body><p> Vinyl Group (ASX:VNL) agreed to acquire the assets of UK-based Web3 platform Serenade through a business deed sale, according to a Monday filing with the Australian Securities Exchange.</p><p>Consideration for the sale includes an upfront payment of $800,000 in Vinyl shares and an additional $1.5 million shares to Serenade shareholders, contingent on the combined business of Vinyl.com and Serenade achieving a minimum revenue target of $4 million and earnings before interest and taxes of $500,000 in the 12 months after the completion date, the filing said.</p><p>The company will also purchase Serenade's UK subsidiary for $1 with a 1-month put option, according to the filing.</p><p>Vinyl Group shares rose more than 8% in morning trade on Monday.</p><p>Price (AUD): $0.11, Change: $+0.01, Percent Change: +8.24%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vinyl Group Acquires UK Web3 Platform Serenade; Shares Up 8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVinyl Group Acquires UK Web3 Platform Serenade; Shares Up 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-09-30 09:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Vinyl Group (ASX:VNL) agreed to acquire the assets of UK-based Web3 platform Serenade through a business deed sale, according to a Monday filing with the Australian Securities Exchange.</p><p>Consideration for the sale includes an upfront payment of $800,000 in Vinyl shares and an additional $1.5 million shares to Serenade shareholders, contingent on the combined business of Vinyl.com and Serenade achieving a minimum revenue target of $4 million and earnings before interest and taxes of $500,000 in the 12 months after the completion date, the filing said.</p><p>The company will also purchase Serenade's UK subsidiary for $1 with a 1-month put option, according to the filing.</p><p>Vinyl Group shares rose more than 8% in morning trade on Monday.</p><p>Price (AUD): $0.11, Change: $+0.01, Percent Change: +8.24%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2471689049","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2471689049","pubTimestamp":1727659182,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Vinyl Group (ASX:VNL) agreed to acquire the assets of UK-based Web3 platform Serenade through a business deed sale, according to a Monday filing with the Australian Securities Exchange.Consideration f","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","BK4125":"广播","VNL.AU":"VINYLGROUP FPO"},"translate_title":"Vinyl Group收购英国Web3平台Serenade；股价上涨8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"VNL.AU":0.9},"content_text":"Vinyl Group (ASX:VNL) agreed to acquire the assets of UK-based Web3 platform Serenade through a business deed sale, according to a Monday filing with the Australian Securities Exchange.Consideration for the sale includes an upfront payment of $800,000 in Vinyl shares and an additional $1.5 million shares to Serenade shareholders, contingent on the combined business of Vinyl.com and Serenade achieving a minimum revenue target of $4 million and earnings before interest and taxes of $500,000 in the 12 months after the completion date, the filing said.The company will also purchase Serenade's UK subsidiary for $1 with a 1-month put option, according to the filing.Vinyl Group shares rose more than 8% in morning trade on Monday.Price (AUD): $0.11, Change: $+0.01, Percent Change: +8.24%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}