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Audinate Group ( (AU:AD8) ) has issued an announcement.
Audinate Group Limited announced a correction to a previous release regarding the issue of shares for the acquisition of Iris Studio, Inc. The correction pertains to a typographical error in the disclosure of voluntary escrow dates for shares issued as part of the acquisition. These shares will be released in three equal tranches on specified dates in 2026, 2027, and 2028. This announcement clarifies the timeline for stakeholders and ensures accurate information is available for market participants.
The most recent analyst rating on (AU:AD8) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.
More about Audinate Group
Audinate Group Ltd (ASX:AD8) is a leader in the audio-visual industry, known for its award-winning Dante IP networking solution. The company specializes in replacing traditional analogue audio cables with Ethernet cables to transmit synchronized audio signals over large distances. Audinate serves various sectors including professional live sound, commercial installations, broadcasting, public address, and recording. Headquartered in Australia, it has regional offices in the United States, United Kingdom, Belgium, and Hong Kong, and its technology is integrated into products from numerous leading audio and video partners globally.
Average Trading Volume: 544,672
Technical Sentiment Signal: Sell
Current Market Cap: A$360.9M
For a thorough assessment of AD8 stock, go to TipRanks’ Stock Analysis page.