secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUDDIA INC. (AUUD)
CIK:        0001554818
Form:       8-K/A
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001683168-26-001187
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Auddia signs definitive merger with Thramann Holdings; shareholders to own 20% of new entity MCFN
--------------------------------------------------------------------------------

- Definitive merger agreement signed; Auddia to merge with Thramann Holdings, renamed McCarthy Finney (ticker MCFN).
- Auddia shareholders to own ~20% of MCFN at closing; Jeff Thramann to own 80%.
- Closing condition: Auddia must have at least $12M cash on hand at closing.
- Base case DCF valuation of McCarthy Finney estimated at $250M; expected close Q2 2026.
- Jeff Thramann to remain CEO, John Mahoney CFO; Houlihan Capital provided fairness opinion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1554818/000168316826001187/0001683168-26-001187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1554818/000168316826001187/auddia_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001187

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