secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001683168-25-004838
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 raises $750k via Series C convertible preferred stock and warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316825004838/0001683168-25-004838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316825004838/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-004838

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