secwatch.observer — SEC 8-K summary
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Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001683168-25-006581
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 8.01, 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316825006581/0001683168-25-006581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316825006581/auddia_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006581

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer