June 6 (Reuters) - Audinate Group Ltd AD8.AX :
* $20 MILLION RAISED THROUGH INSTITUTIONAL PLACEMENT AT A$7.00 PER NEW SHARE
* SHARE PURCHASE PLAN FOR ELIGIBLE SHAREHOLDERS TO RAISE UP TO A$4 MILLION
* FUNDS RAISED WILL BE USED IN DEVELOPMENT OF NEXT GENERATION DANTE "IOT" SOFTWARE ENDPOINTS, AMONG OTHER THINGS