secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001683168-23-003720
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia gets Nasdaq notice for equity deficiency; also faces bid price non-compliance
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- On May 23, 2023, Nasdaq notified Auddia that stockholders' equity of $2,095,247 as of Mar 31, 2023 was below the $2.5M minimum for continued listing.
- Company must submit a compliance plan by July 7, 2023; if accepted, it may have until Nov 19, 2023 to cure the equity deficiency.
- Separately, Auddia is also not compliant with the $1.00 minimum bid price rule, with a compliance deadline of Oct 23, 2023.
- Auddia states the notices have no immediate impact on trading or business operations and intends to take all reasonable measures to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823003720/0001683168-23-003720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823003720/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003720

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