other material
confidence high
sentiment negative
materiality 0.65
Auddia implements 1-for-17 reverse stock split; shares fall from ~8.67M to ~510K
AUDDIA INC.
- Reverse split ratio of 1-for-17 effective 5:00 PM ET on March 28, 2025; trading began split-adjusted March 31.
- Outstanding shares reduced from approximately 8.67 million to approximately 510,000 post-split.
- No fractional shares issued; rounding up at participant level via DTC; CUSIP changed to 05072K305.
- Authorized shares remain 100 million; warrants, options, and RSUs adjusted proportionally.
- Board approved final ratio in March 2025 after shareholder authorization in December 2024 for range of 1:5 to 1:50.