home · filing · 0001683168-23-002585
8-K filed April 21, 2023, 7:59 PM ET
ticker AUUD
CIK 0001554818
debt
confidence high
sentiment neutral
materiality 0.50
Auddia closes $750K secured bridge note, issues warrants; raises $1.12M via equity line
AUDDIA INC.
New secured bridge note of $825K principal ($750K net) with 10% interest, maturing July 31, 2023.
Issued 650,000 warrants at $0.61/share; 325,000 exercisable immediately, rest on maturity extension.
Amends prior note: cancels 300,000 old warrants, issues 600,000 new warrants at $0.61/share.
Raised ~$1.12M by selling 1,962,220 shares under White Lion equity line on Apr 17 and 20.
Extension option to Nov 30, 2023 with 20% interest and conditional warrants become exercisable.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AUDDIA INC. amended Prior Note (effective 2023-04-17).
Action amendment
Agreement credit facility
Effective 2023-04-17
Exact text from the filing
Secured Bridge Note (“Prior Note”) financing with one accredited investor who is a significant existing stockholder of the
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AUDDIA INC. entered into New Note valued at $750,000 (effective 2023-04-17).
Action entry
Agreement credit facility
Value $750,000
Effective 2023-04-17
Exact text from the filing
On April 17, 2023, we entered into an additional Secured Bridge Note (“New Note”) financing with the same accredited investor.
View on SEC.gov
Source: SEC EDGAR
accession 0001683168-23-002585
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