secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001683168-24-008391
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia enters new $10M equity line with White Lion Capital; replaces expiring facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824008391/0001683168-24-008391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316824008391/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008391

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