Vinyl Group's (ASX:VNL) Funkified Entertainment subsidiary exceeded its AU$500,000 earnings before interest and taxes earn-out threshold under acquisition terms, with 155% of the threshold achieved, according to a Wednesday filing with the Australian bourse.

The earn-out comprises AU$500,000 in company shares to be issued to the original Funkified shareholders, subject to a 12-month escrow period, the filing said.

Vinyl Group shares fell 5% in midday trade on Wednesday and earlier reached their lowest since March 2024.