Auddia enters $10M ATM equity offering; limited to $2.6M under Form S-3

AUDDIA INC.

Entered Sales Agreement with Ascendiant Capital Markets for at-the-market offering of common stock up to $10,000,000.
Prospectus supplement restricts offering to $2,600,000 due to General Instruction I.B.6 of Form S-3.
Agent commission of 3.0% of gross proceeds; Company reimburses certain expenses.
Offering made under effective shelf registration statement (No. 333-264227) filed April 2022.
Company retains discretion to set sale parameters and may suspend or terminate the agreement at any time.

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