secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001683168-24-000496
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia acquires AppSmartz/RadioFM mobile app and streaming business for $13M cash plus $2M earnout
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- Asset Purchase Agreement signed January 26, 2024; purchase price $13M cash plus up to $2M earnout based on milestones.
- Acquired assets include mobile application, internet radio and streaming business of AppSmartz and RadioFM.
- Closing expected by May 1, 2024, subject to Auddia obtaining financing and customary conditions.
- Sellers' obligations guaranteed by their individual owners; non-compete and non-solicitation covenants included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824000496/0001683168-24-000496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824000496/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000496

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