secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001683168-23-002585
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia closes $750K secured bridge note, issues warrants; raises $1.12M via equity line
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823002585/0001683168-23-002585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823002585/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer