Highest-materiality recent filing
Auddia files merger financials with Thramann Holdings; Jeff Thramann to own ~80% of combined company
Merger terms: Auddia shareholders ~20%, Thramann owner ~80% ownership; closing requires Auddia >=$12M net cash.
Auddia approves exec bonuses tied to $12M offering; shareholders authorize reverse split
CEO bonus $350K, CFO bonus $150K; based on successful completion of $12M public offering.
Auddia exchanges 750 Series C preferred shares for 216,525 common shares at $3.91/share
Exchanged 750 Series C preferred shares (incl. accrued dividends) for 216,525 common shares at $3.91/share.
Offering includes 1,405,006 shares, pre-funded warrants for 3,679,737 shares, and common warrants for 5,084,743 shares.
Auddia Inc. effectuates 1-for-7.7 reverse stock split effective March 31, 2026
Reverse split ratio of 1-for-7.7; effective 5:00 PM ET on March 31, 2026.
Auddia merges with Thramann Holdings; Auddia shareholders to own ~20% of combined entity
Thramann had zero revenue and net losses of $485,885 in 2025; its auditor cites substantial doubt as a going concern.
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).
Each Auddia common share converts into one Holdco common share; Thramann holders receive ~80% economic interest including $3.5M in non-convertible notes.
Exclusivity period under LOI with Thramann Holdings extended to February 16, 2026.
Auddia extends exclusivity period for Thramann Holdings business combination amid SEC shutdown
LOI exclusivity extended until 30 days after SEC resumes operations; shutdown began Oct 1, 2025.
Auddia appoints Jeffrey Thramann as CEO with $655K salary; extends LOI exclusivity to Oct 18
Thramann named CEO effective July 1, 2025, retains Executive Chairman; base salary $655,000, bonus up to 50%.
Auddia CTO resigns; issues shares and converts all Series B preferred, diluting equity
CTO Peter Shoebridge resigns effective Aug 29; severance includes 9 months base salary plus COBRA.
Proposed transaction gives Holdings' equity holders 80% ownership; Auddia holders get 20%.
Auddia amends equity line with White Lion, raising capacity to $50M and extending to Dec 2027
Commitment amount increased from $10M to $50M under common stock purchase agreement with White Lion Capital.
Auddia CEO Lawless retires, Thramann appointed; board revamped to evaluate AI holding company
CEO Michael Lawless retired effective July 7, 2025; Jeff Thramann, Executive Chairman, appointed CEO.
Auddia raises $750k via Series C convertible preferred stock and warrants
Gross proceeds of $750k from sale of 750 Series C preferred shares at $1,000 each, convertible at $4.77 per share.
Auddia implements 1-for-17 reverse stock split; shares fall from ~8.67M to ~510K
Reverse split ratio of 1-for-17 effective 5:00 PM ET on March 28, 2025; trading began split-adjusted March 31.
Auddia enters new $10M equity line with White Lion Capital; replaces expiring facility
New Common Stock Purchase Agreement with White Lion Capital for up to $10M, expiring Dec 31, 2025.
Auddia receives Nasdaq minimum bid price deficiency notice; 180-day cure period starts
Received Nasdaq notice on Oct 16, 2024 for failing $1.00 minimum bid price over 30 consecutive business days (Sept 4–Oct 15, 2024).
Auddia issues 1.23M shares under White Lion agreement, raises $1.3M
On Sept 3, 2024, Auddia closed a sale of 1,225,263 common shares to White Lion Capital for ~$1.3M.
Issued 1,650,000 common shares to White Lion Capital on Aug 20, 2024 for gross proceeds of ~$2.0M.
Auddia raises $2.3M in Series B convertible preferred stock and warrants financing
Gross proceeds of $2,314,000 from issuance of Series B convertible preferred stock and warrants.
Auddia amends bridge notes, agrees to repay $2.75M principal and convert $911K into equity
Auddia entered an Amendment and Waiver Agreement with investor Richard Minicozzi on April 9, 2024, regarding secured bridge notes.
Auddia closes $3.5M equity financing via 1.3M share sale; shares outstanding rise to 2.15M
Raised $3.5M by selling 1.3M common shares from existing equity line; no warrant coverage.
Purchase price: $13M cash plus up to $2M earnout subject to milestone achievement.
Auddia acquires AppSmartz/RadioFM mobile app and streaming business for $13M cash plus $2M earnout
Asset Purchase Agreement signed January 26, 2024; purchase price $13M cash plus up to $2M earnout based on milestones.
Auddia receives Nasdaq notice for stockholders' equity deficiency of $2.42M vs $2.5M minimum
On Nov 21, 2023, Nasdaq notified Auddia of non-compliance with Listing Rule 5550(b)(1); equity reported at $2,415,012.
Auddia issues single Series A Preferred share to Chairman with 30M votes tied to reverse split
Sold one share of Series A Preferred Stock to Executive Chairman Jeffrey Thramann for $1,000 on Nov 11, 2023.
Auddia estimates $2.2M cash at Q3 end, runway only into Feb 2024
Preliminary cash and cash equivalents as of Sep 30, 2023: approximately $2.2 million.
Auddia enters $10M equity line with White Lion Capital; terminates prior $10M facility
Entered Common Stock Purchase Agreement with White Lion Capital for up to $10M; terminates prior similar $10M facility from Nov 2022.
Auddia receives Nasdaq delisting notice for bid price non-compliance; plans to appeal
Nasdaq staff determined to delist AUUD for failing to regain $1.00 minimum bid price compliance.
Auddia releases updated investor presentation; faidr 3.0, acquisition strategy, improved CAC metrics
CAC per free-tier user improved to ~$3 via acquisitions vs ~$14 via direct advertising.
Auddia regains Nasdaq compliance on late filing and equity; appoints Haynie & Company as auditor
Filed Form 10-Q on Aug 24, 2023, curing delinquency; Nasdaq confirmed compliance on Aug 25.
Auddia auditor CohnReznick resigns; cites material weaknesses in internal controls
CohnReznick resigned as independent auditor effective upon filing of Q2 2023 10-Q.
Auddia granted Nasdaq extension until Aug 14 to show stockholders' equity above $2.5M
Nasdaq extended deadline to August 14, 2023 for Auddia to regain compliance with Listing Rule 5550(b)(1).
Auddia CFO Timothy Ackerman resigns; CEO Michael Lawless named interim CFO
Timothy Ackerman resigned as CFO effective June 30, 2023; no disagreement with company.
On December 12, 2023, the Company’s board of directors appointed John E. Mahoney as the Company’s new Chief Financial Officer.
Auddia Inc. announced that Timothy Ackerman, its Chief Financial Officer, has resigned from his position effective June 30, 2023.
Michael Lawless, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, was appointed as the Company’s Interim Chief Financial Officer.
On February 10, 2023, the Company’s board of directors appointed Timothy J. Ackerman as the Company’s new Chief Financial Officer.
Brian Hoff, its Chief Financial Officer, has resigned from his position effective October 31, 2022.
Effective October 31, 2022, Michael Lawless, the Company's Chief Executive Officer and a member of the Company's Board of Directors, was appointed as the Company's Interim Chief Financial Officer.
Max materiality 0.90 · Median 0.62 · Most common event other_material