Auddia enters ATM equity sales agreement for up to $10M common stock

AUDDIA INC.

Agreement with Ascendiant Capital Markets, LLC for at-the-market offering of up to $10M in common stock (initially $3,042,500 due to Form S-3 limits).
Commission of 3.0% of gross proceeds; Agent also gets customary indemnification and expense reimbursement.
Sales will be made under effective shelf registration statement (S-3 filed June 24, 2025, effective June 27, 2025).
Company is not obligated to sell any shares; either party may suspend or terminate the agreement on notice.

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