Audinate Group: Completes $28M placement
- Audinate Group has completed a $28 million placement despite announcing it yesterday
- Approximately 5.4 million fully paid ordinary shares will issued at a price of $5.15 each
- The $40 million will raised through a $28 million placement and $12 million share purchase plan
- Then the funds will be used to pursue potential mergers and acquisitions, and accelerate investment in video and software products
- The share purchase plan will open on July 29 and close on August 11
- Audinate has ended the day 5.8 per cent in the red with shares trading for $5.36 each in a $386.5 million market cap
