secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001683168-24-002410
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia amends bridge notes, agrees to repay $2.75M principal and convert $911K into equity
--------------------------------------------------------------------------------

- Auddia entered an Amendment and Waiver Agreement with investor Richard Minicozzi on April 9, 2024, regarding secured bridge notes.
- Company will repay $2.75M principal after closing a $6M+ equity financing, and converted $911K of interest/OID into 463,337 prefunded and non-prefunded warrants.
- Existing warrants repriced from $15.25 to $1.967 per share; investor received 50,000 new fee warrants at $1.967 exercise price.
- Non-prefunded and fee warrants have anti-dilution price adjustment and are not exercisable for six months per Nasdaq rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824002410/0001683168-24-002410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824002410/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002410

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