secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001683168-23-007655
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823007655/0001683168-23-007655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316823007655/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007655

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