Auddia exchanges 750 Series C preferred shares for 216,525 common shares at $3.91/share

AUDDIA INC.

Exchanged 750 Series C preferred shares (incl. accrued dividends) for 216,525 common shares at $3.91/share.
No Series C preferred shares remain outstanding after the exchange; all converted to common equity.
Exchange executed under Section 3(a)(9) exemption; no commission or remuneration paid.
Transaction reduces preferred stock and dilutes common shares; no impact on operations or guidance.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AUDDIA INC. issued 216,525 shares of common stock of common stock to accredited investors for exchange of 750 outstanding shares of Series C preferred stock.

Security: common stock
Shares: 216,525 shares of common stock
Purchaser: accredited investors
Consideration: exchange of 750 outstanding shares of Series C preferred stock

Exact text from the filing

the Company entered into an exchange agreement (the “Exchange Agreement”) with the accredited investors to exchange 750 outstanding shares of the Company’s Series C preferred stock (including accrued dividends thereon) for 216,525 shares of common stock at an exchange price of $3.91 per common share

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AUDDIA INC. entered into Exchange Agreement with accredited investors (effective 2026-04-23).

Action: entry
Agreement: equity purchase
Counterparty: accredited investors
Effective: 2026-04-23

Exact text from the filing

On April 23, 2026, the Company entered into an exchange agreement (the “Exchange Agreement”) with the accredited investors to exchange 750 outstanding shares of the Company’s Series C preferred stock (including accrued dividends thereon) for 216,525 shares of common stock at an exchange price of $3.91 per common share.

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AUDDIA INC. filing history →

Source: SEC EDGAR

accession 0001683168-26-003298

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