The audio-visual technology company has a Share Purchase Plan that closes on Monday, October 3, allowing shareholders to bid for up to $30,000 of new shares at $13/sh. We currently hold a 4% weighting in the Emerging Companies portfolio, and with AD8 trading ~5% above the raise price, it makes sense to participate in the SPP. We are looking to top up our holding in order not to dilute our position in the company. As such, we are participating in the SPP with a 0.5% allocation in the portfolio.
- Despite the recent volatility in markets and the capital raise & lingering SPP, Audinate shares have been surprisingly strong, reaffirming our bullish position on the company – we hold AD8 in our Emerging Companies Portfolio.
MM remains long and bullish AD8
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