Auddia CTO resigns; issues shares and converts all Series B preferred, diluting equity

AUDDIA INC.

CTO Peter Shoebridge resigns effective Aug 29; severance includes 9 months base salary plus COBRA.
Issued 610k common shares under White Lion equity line in late Aug for $1.77M (total $3.67M for 970k shares YTD).
Exchanged 569 Series B preferred for 132,724 common ($4.486/sh) and 966 Series B for 387,850 common ($2.65/sh); no Series B remain.
Total common shares outstanding ~2,145,533 as of Aug 25; significant dilution from prior periods.

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