Auddia raises $750k via Series C convertible preferred stock and warrants

AUDDIA INC.

Gross proceeds of $750k from sale of 750 Series C preferred shares at $1,000 each, convertible at $4.77 per share.
Warrants for 314,466 common shares issued at $4.77 exercise price, 5-year term, exercisable after six months.
Series C preferred carries 15% annual dividend payable quarterly; company may pay in stock or capitalize.
Conversion price subject to full-ratchet anti-dilution on future issuances below current price; requires stockholder approval.
Proceeds to repay outstanding debt and for general corporate purposes.

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