Audinate

Canaccord Genuity acts as Joint Lead Manager and Bookrunner to AUD$20 million capital raise for Audinate Group Limited

Canaccord Genuity is pleased to announce the completion of a capital raise of approximately 2.86 million new fully paid ordinary shares at an issue price of AUD$7.00 per share, to raise approximately AUD$20 million in gross proceeds, on behalf of Audinate Group Limited (“Audinate” or the “Company”) (ASX:AD8). Canaccord acted as joint lead manager and bookrunner for the transaction, which was heavily oversubscribed by both new and existing shareholders.

The proceeds of the capital raise will be used to expand global sales penetration, accelerate recent product initiatives, develop the next generation Dante platform and provide additional balance sheet strength and flexibility.

Audinate is a leading provider of professional digital audio networking technologies globally. The Company’s Dante platform distributes digital audio signals over computer networks and is designed to bring the benefits of IT networking to the professional AV industry. Dante-enabled products ensure interoperability between audio devices and allow end users to enjoy high quality, flexible solutions. 

The Canaccord Genuity corporate finance deal team was led by Jeremy Dunlop, Carl Henschke, Christian Calabrese and Stefan Collins with significant support provided by our sales team led by Alex Unsworth.