other_material
confidence high
sentiment neutral
materiality 0.80
Auddia Inc. commences public offering of common stock and warrants for gross proceeds of approximately $12 million
AUDDIA INC.
- Offering includes 1,405,006 shares, pre-funded warrants for 3,679,737 shares, and common warrants for 5,084,743 shares.
- Offering price is $2.36 per share and associated common warrant; pre-funded warrants priced at $2.36 minus $0.001.
- Gross proceeds expected to be approximately $12 million; net proceeds after fees about $10.9 million.
- Net proceeds will be used for working capital and general corporate purposes.
- Dawson James Securities Inc. acts as placement agent with a 7% cash fee on gross proceeds.
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