debt
confidence high
sentiment neutral
materiality 0.50
Auddia issues up to $1.4M in bridge notes to target companies pending merger with McCarthy Finney
AUDDIA INC.
- Maximum aggregate bridge funding $1.4M: Thramann Holdings $360k, LT350 $400k, Influence $590k, Voyex $50k.
- Notes bear 8% interest, mature 2 years after merger termination or change of control.
- LT350, Influence, Voyex notes convertible at 80% of next qualified financing price (thresholds: $3M, $2M, $1M).
- Advances count toward Auddia's $12M net cash closing condition under the merger agreement.
- Thramann Holdings note is non-convertible; change of control triggers 50% premium for LT350, Influence, Voyex.