other material
confidence high
sentiment neutral
materiality 0.65
Auddia enters new $10M equity line with White Lion Capital; replaces expiring facility
AUDDIA INC.
- New Common Stock Purchase Agreement with White Lion Capital for up to $10M, expiring Dec 31, 2025.
- Company may sell shares at discounts (85% to 90% of VWAP/Lowest Traded Price) subject to volume and price limits.
- Prior equity line raised ~$8.2M of $10M; new agreement supplements and replaces that facility.
- Registration statement for resale of shares must be filed within 30 days.
- Purchase notices limited to 30% of average daily trading volume or $1M/price, whichever less.