Auddia enters $10M equity line with White Lion Capital; terminates prior $10M facility

AUDDIA INC.

Entered Common Stock Purchase Agreement with White Lion Capital for up to $10M; terminates prior similar $10M facility from Nov 2022.
Purchase prices set at 85-90% of VWAP: Fixed (85% of lowest 5-day), Rapid (85% of VWAP or lowest trade), VWAP (90% of 2-day).
Commitment period expires Dec 31, 2024; per-purchase cap at lesser of 30% avg daily volume or $1M/highest 5-day close.
Company must register resale of shares with SEC within 30 days; White Lion is accredited investor under Rule 506(b).

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. entered into Common Stock Purchase Agreement with White Lion Capital, LLC valued at up to $10,000,000 (effective 2023-11-06).

Action: entry
Agreement: equity purchase
Counterparty: White Lion Capital, LLC
Value: up to $10,000,000
Effective: 2023-11-06

Exact text from the filing

On November 6, 2023, Auddia Inc. (the “Company”) entered into a common stock purchase agreement (the “Common Stock Purchase Agreement”)

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147 material agreements filed in the last 30 days. Browse all material agreements →

AUDDIA INC. filing history →

Source: SEC EDGAR

accession 0001683168-23-007655

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