Auddia Announces Closing of $12 Million Public Offering

Rhea-AI Summary

Auddia (NASDAQ: AUUD / AUUDW) closed a best-efforts public offering on April 27, 2026, raising approximately $12 million gross by selling 5,084,743 common shares (or equivalents) and warrants to purchase up to 5,084,743 shares at a combined public offering price of $2.36 per share with accompanying warrants.

The warrants are exercisable immediately at $2.36 and expire upon a specified merger closing or on the 5-year anniversary. Dawson James acted as exclusive placement agent. Net proceeds are for working capital and general corporate purposes.

Positive

• $12 million aggregate gross proceeds
• Issued 5,084,743 shares and matching warrants
• Warrants exercisable immediately at $2.36
• Registration statement declared effective April 23, 2026

Negative

• Potential shareholder dilution if all warrants are exercised
• Net proceeds subject to placement agent fees and offering expenses

Argus Apr 28 session

+15.33% close to close Open Argus

Details

News Market Reaction – AUUD

On Apr 28, the first trading day after this news, AUUD closed 15.33% above the previous close.

Data tracked by StockTitan Argus for the Apr 28 session.

Key Figures

Aggregate gross proceeds: $12 million Shares offered: 5,084,743 shares Warrants offered: 5,084,743 warrants +5 more

Aggregate gross proceeds

$12 million

Best-efforts public offering before fees and expenses

Shares offered

5,084,743 shares

Common stock (or equivalents) in public offering

Warrants offered

5,084,743 warrants

Common stock purchase warrants in offering

Offering price

$2.36 per share and warrant

Combined public offering price

Warrant exercise price

$2.36 per share

Exercise price of Warrants

Warrant term

5 years

Expires on earlier of merger close or 5-year anniversary

Registration file number

File No. 333-294887

Form S-1 for the offering

Effective date

April 23, 2026

SEC effectiveness of Form S-1

Previous Offering Reports

1 past event · Latest: Apr 24

Same Type 1 event

1. Apr 24

   Equity offering pricing

   24h Move

   -63.8%

   Priced ~$12M best-efforts equity and warrant financing at $2.36 per unit.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

best efforts public offering, warrants, exercise price, registration statement on Form S-1, +1 more

5 terms

best efforts public offering financial

"closing of its previously announced best efforts public offering of an aggregate of"

A best efforts public offering is a way a company sells new shares or bonds where the broker or bank agrees to try to sell as many securities as possible but does not promise to buy any unsold portion. Think of it like a salesperson taking items on consignment: they will work to sell them, but the seller bears the risk if some remain unsold. For investors, this matters because it can signal weaker demand and greater uncertainty about how many securities will actually be placed and how the price may move.

warrants financial

"and warrants to purchase up to 5,084,743 shares of common stock (the “Warrants”)"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

exercise price financial

"The Warrants have an exercise price of $2.36 per share, are exercisable"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

registration statement on Form S-1 regulatory

"were offered pursuant to a registration statement on Form S-1 (File No. 333-294887)"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

prospectus regulatory

"The offering was made only by means of a prospectus forming part of the effective"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOULDER, Colo., April 27, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ: AUUD) (NASDAQ: AUUDW) (“Auddia” or the “Company”), a technology company that has built a proprietary AI platform for audio identification and classification to reinvent how consumers engage with audio, today announced the closing of its previously announced best efforts public offering of an aggregate of 5,084,743 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 5,084,743 shares of common stock (the “Warrants”), at a combined public offering price of $2.36 per share (or per common stock equivalent in lieu thereof) and accompanying Warrant. The Warrants have an exercise price of $2.36 per share, are exercisable immediately upon issuance and expire upon the earlier of: (i) the consummation of the transactions contemplated by certain Agreement and Plan of Merger, as may be amended, dated as of February 17, 2026, by and among, McCarthy Finney, Inc., Auddia Merger Sub, Inc., Thramann Merger Sub LLC, and the Company or (ii) the 5-year anniversary of the date of issuance.

Dawson James Securities, Inc. acted as the exclusive placement agent for the offering.

The aggregate gross proceeds to the Company from the offering were approximately $12 million, before deducting the placement agent's fees and other offering expenses payable by the Company. No assurance can be given that any of the Warrants will be exercised. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The securities described above were offered pursuant to a registration statement on Form S-1 (File No. 333-294887), which was declared effective by the Securities and Exchange Commission (the "SEC") on April 23, 2026. The offering was made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus and final prospectus relating to the offering were filed with the SEC and are available on the SEC's website at http://www.sec.gov. Electronic copies of the final prospectus may be obtained on the SEC's website at http://www.sec.gov and may also be obtained by contacting Dawson James Securities, Inc. at 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, by phone at (561) 391-5555 or e-mail at Investmentbanking@dawsonjames.com.  

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Auddia Inc.

Auddia, through its proprietary AI platform for audio, is reinventing not only how consumers engage with AM/FM radio, podcasts, and other audio content but also how artists and labels promote their music and gain access to mainstream radio audiences. Auddia’s Discovr Radio is the first music-promotion platform to deliver artists guaranteed exposure to radio listeners. Auddia’s flagship audio superapp, called faidr, delivers multiple industry firsts, including:

• Ad-free listening on any AM/FM music station
• Content skipping across any AM/FM music station
• One-touch skipping of entire podcast ad breaks
• Integrated artist discovery experiences

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company's current expectations about future results, performance, prospects and opportunities. Statements that are not historical facts, such as "anticipates," "believes" and "expects" or similar expressions, are forward-looking statements. Forward-looking statements include, but are not limited to the anticipated use of proceeds from the offering. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. These and other risks and uncertainties are discussed more fully in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as well as other disclosures contained in the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations:

Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com
www.pcgadvisory.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Auddia (AUUD) announce on April 27, 2026 about its financing?

Auddia closed a best-efforts public offering raising about $12 million gross. According to Auddia, the offering sold 5,084,743 common shares (or equivalents) and warrants to buy up to 5,084,743 shares at a combined price of $2.36 each.

How many warrants did Auddia (AUUDW) issue and what are the terms?

Auddia issued warrants to purchase up to 5,084,743 shares, exercisable immediately. According to Auddia, the warrants have a $2.36 exercise price and expire on merger closing or the five-year anniversary of issuance.

How does Auddia say it will use the net proceeds from the offering?

Auddia intends to use the net proceeds for working capital and general corporate purposes. According to Auddia, specific allocations were not provided in the announcement and depend on corporate needs.

Who acted as placement agent for Auddia's April 2026 offering (AUUD)?

Dawson James Securities acted as the exclusive placement agent for the offering. According to Auddia, investors can contact Dawson James for prospectus copies and offering inquiries at the provided contact details.

Was Auddia's offering registered with the SEC and when was it effective?

Yes, the offering was made under a Form S-1 registration declared effective on April 23, 2026. According to Auddia, the prospectus related to the offering is available on the SEC website.

Will Auddia's warrants definitely be exercised and what is the exercise price?

No assurance the warrants will be exercised; exercise is not guaranteed. According to Auddia, the warrants are exercisable at an exercise price of $2.36 per share and may expire earlier upon a specified merger.