Jaxsta hits over 1-year high on acquiring social network firm

Vinyl

22/02/2023 02:46

** Shares of Jaxsta Ltd  JXT.AX  climb as much as 16.7% to
A$0.056, their highest since Dec. 21, 2021
    ** Music company says it executed heads of agreement to
acquire music industry social network firm Vampr in exchange for
88.7 mln shares in Jaxsta
    ** Says agreement to collaborate, create new music and
monetize work
    ** Stock posts its biggest intraday pct gain since Jan. 17
    ** More than 2.9 mln shares change hands, over 4 times the
30-day average volume 
    ** Stock up 33.3% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))