You have 0 free articles left this month.
Big Law

Audinate Group advised on cap raising up to $40m

Audiovisual tech company Audinate Group has been advised on its latest oversubscribed capital raising.

August 03, 2020 By Reporter
Share this article on:
Audinate Group advised
expand image

Firm: Maddocks (Audinate Group).

Deal: Audinate has raised $28 million through a fully underwritten institutional placement that was launched on 23 July 2020, the capital for which “will be used to (among other purposes) fund the continuing growth of the company”.

Value: $28 million.

Area: Capital markets.

Key players: The Maddocks team comprised partner Catherine Merity, special counsel Rosa Sayer and lawyer Miles Tuckfield.

Deal significance: Following the raise, Audinate is offering eligible shareholders to take part in a share purchase plan that could raise up to a further $12 million.

“This is the latest in a string of capital raisings for technology companies that the Maddocks [equity capital markets] team has worked on over the past two years,” the firm said.

You need to be a member to post comments. Become a member today