Shaw and Partners has been appointed as Joint Lead Manager to the proposed capital raising by Audinate (ASX.AD8).

Audinate is proposing to raise up to ~A$20.0m, via a placement of up to approximately 2.86m new ordinary fully paid shares at $7.00 per security. The price represents a 8% discount to the 5-day VWAP of A$7.61.

The capital is intended to be used across four separate strategic initiatives:

• Expand global sales penetration – accelerate sales, marketing and training footprint across new product markets and geographies.
• Accelerate recent product initiatives – expand product range of Dante AVIO adapters and Dante AV and shorten timeframe for Dante software implementations.
• Develop the next generation Dante platform – development of next generation Dante “IOT” software endpoints and continue the extension of the software platform beyond the Dante Domain manager.
•  Provide additional balance sheet strength and flexibility – to support growth and solidify competitive advantage, including potential strategic acquisitions.

In June 2017 we were appointed Sole Lead Manager and Underwriter to the Audinate Group IPO, raising $21 million with an offering price of $1.22 per share.

THIS OFFER IS OPEN TO SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY

For more information please contact your Shaw and Partners Adviser.