Auddia Announces Expiration of Publicly Traded Warrants (NASDAQ:AUUDW)

Rhea-AI Summary

Auddia (NASDAQ: AUUD) announced its publicly traded warrants (NASDAQ: AUUDW) expired at 5:00 p.m. ET on February 19, 2026, and trading ceased at market close February 18, 2026. Any unexercised warrants were voided and hold no further value. The company's common stock continues trading as AUUD. Auddia is executing a definitive merger to form McCarthy Finney, Inc., which upon closing will trade as MCFN.

Positive

• Warrants expired per original terms at 5:00 p.m. ET on Feb 19, 2026
• Definitive merger announced to form McCarthy Finney, with planned ticker MCFN

Negative

• Any unexercised warrants were voided and are now of no value to holders
• Trading in AUUDW ceased and warrants were removed from Nasdaq, reducing liquidity for warrant holders

News Market Reaction – AUUD

-12.10%

4 alerts

-12.10% News Effect

-4.8% Trough Tracked

-$474K Valuation Impact

$3M Market Cap

6K Volume

On the day this news was published, AUUD declined 12.10%, reflecting a significant negative market reaction. Argus tracked a trough of -4.8% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $474K from the company's valuation, bringing the market cap to $3M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Warrant expiration time: 5:00 p.m. Eastern Time Warrant expiration date: February 19, 2026 Last trading day warrants: February 18, 2026

3 metrics

Warrant expiration time 5:00 p.m. Eastern Time Time when AUUDW warrants expired on February 19, 2026

Warrant expiration date February 19, 2026 Date publicly traded AUUDW warrants expired

Last trading day warrants February 18, 2026 Final Nasdaq trading day for AUUDW warrants

Market Reality Check

Price: $0.8413 Vol: Volume 3,649,679 is about...

low vol

$0.8413 Last Close

Volume Volume 3,649,679 is about 0.6x the 20-day average of 6,100,670, indicating subdued trading activity. low

Technical Shares at $1.11 are trading below the 200-day MA of $2.45 and about 92.4% under the 52-week high.

Peers on Argus

AUUD was down 2.63% while peers showed mixed action: SGN was down 0.7% and SOPA ...

1 Up 1 Down

AUUD was down 2.63% while peers showed mixed action: SGN was down 0.7% and SOPA was up 1.74%. With only one peer moving in the same direction and another opposite, the move appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Feb 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 18	Merger agreement signed	Positive	+36.6%	Definitive merger agreement to form McCarthy Finney holding company.
Jan 20	Product launch & merger	Positive	+24.1%	Launch of Discovr Radio and positive update on merger discussions.
Nov 19	App and strategy update	Positive	+0.0%	Free faidr app launch and plans to integrate Discovr Radio B2B platform.
Oct 16	Corporate overview update	Positive	+1.0%	Updated overview outlining restructuring and AI/web3 holding company plans.
Oct 08	Conference presentation	Positive	+5.0%	Participation in LD Micro Main Event XIX investor conference.

Pattern Detected

Recent corporate and merger-related announcements have often coincided with positive price reactions, especially around the McCarthy Finney combination narrative.

Recent Company History

Over the past several months, Auddia has focused on transforming into a holding company structure centered on AI and web3 capabilities. A definitive merger agreement with Thramann Holdings toward forming McCarthy Finney (ticker MCFN) on Feb 18, 2026 coincided with a 36.56% move. Earlier, the launch of Discovr Radio with about 300 pilot customers and updates on the proposed holding company also saw double‑digit gains. Prior news highlighted the transition to a B2B AI-driven music discovery model and conference visibility, generally aligning with constructive market responses.

Market Pulse Summary

The stock dropped -12.1% in the session following this news. A negative reaction despite a largely m...

Analysis

The stock dropped -12.1% in the session following this news. A negative reaction despite a largely mechanical warrant expiration would fit a pattern where balance sheet and going concern risks remained in focus around corporate milestones. The lapse of AUUDW does not change the common stock’s listing, but prior filings highlighted dependence on additional capital and the importance of closing the McCarthy Finney transaction. Persistent concerns about dilution, execution of the AI and web3 pivot, or merger completion risk could have amplified downside pressure following housekeeping announcements.

Key Terms

publicly traded warrants, warrant agreement, business combination, holding company, +1 more

5 terms

publicly traded warrants financial

"announced that its publicly traded warrants (Nasdaq: AUUDW) expired"

A publicly traded warrant is a security that gives its holder the right to buy a company's stock at a fixed price before a set expiration date, similar to a coupon that can be redeemed for shares. Because warrants trade on markets like stocks, their price moves with expectations about the company’s future share value; they matter to investors because exercising warrants can dilute existing shares and because warrants offer leveraged exposure to potential upside (and risk) in the stock.

warrant agreement financial

"This expiration occurs automatically under the warrant agreement"

A warrant agreement is the legal document that lays out the rules for stock warrants — special certificates that let their holder buy company shares at a set price within a certain time. It explains how and when warrants can be exercised, transferred, changed, or canceled, and what happens to them if the company raises money or is sold; investors care because these terms affect potential future ownership, dilution of shares, and the real value of the warrants.

business combination financial

"executing on a transformational business combination that upon closing will result"

A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

holding company financial

"result in the formation of McCarthy Finney, Inc., a holding company delivering"

A holding company is an organization that owns enough shares of other businesses to control them but usually does not run their day-to-day operations. Think of it as an umbrella or parent that lets investors gain exposure to several companies through one vehicle; its value depends on the performance, risks, dividends and debts of the companies it holds, so it matters for assessing diversification, control and consolidated financial health.

web3 technical

"a holding company delivering AI and web3 shared services to its subsidiaries"

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

AI-generated analysis. Not financial advice.

BOULDER, Colo., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ: AUUD) (“Auddia” or the “Company”), today announced that its publicly traded warrants (Nasdaq: AUUDW) expired in accordance with their original terms at 5:00 p.m. Eastern Time on February 19, 2026. Trading in the warrants ceased at the close of market on February 18, 2026, after which the warrants were removed from listing on Nasdaq.

Any warrants that remained unexercised at expiration were voided and are of no further value. This expiration occurs automatically under the warrant agreement, does not require any action from warrant holders, and has no impact on the Company’s common stock, which will continue to trade on Nasdaq under the symbol AUUD.

Auddia is currently executing on a transformational business combination that upon closing will result in the formation of McCarthy Finney, Inc., a holding company delivering AI and web3 shared services to its subsidiaries. Upon closing of the merger transaction, McCarthy Finney will trade under the ticker MCFN. For more information about the merger, please visit Auddia Announces Signing of Definitive Merger Agreement for Business Combination | Auddia | Investor Relations.

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, is free to listeners and delivers multiple industry first listening experiences, including:

• AI enabled 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
  
  

For more information, visit www.auddia.com

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. 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, 2024, 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

What happened to Auddia's publicly traded warrants (AUUDW) on February 19, 2026?

The warrants expired at 5:00 p.m. ET on February 19, 2026 and are void if unexercised. According to the company, trading in AUUDW ceased at the close of market on February 18, 2026 and any remaining unexercised warrants are of no further value.

Do Auddia common shares (AUUD) change after the AUUDW expiration on Feb 19, 2026?

Auddia common stock remains listed and unaffected by the warrant expiration. According to the company, the expiration was automatic under the warrant agreement and has no impact on the company’s common stock trading under the symbol AUUD.

What should AUUDW warrant holders do after expiration on February 19, 2026?

No action is required from warrant holders because the expiration occurred automatically under the agreement. According to the company, any warrants unexercised at expiration were voided and carry no further value for holders after the listed expiration time.

What will Auddia become after its announced merger and what will the ticker be?

Upon closing the announced merger, Auddia will become McCarthy Finney, Inc., a holding company for AI and web3 services. According to the company, McCarthy Finney will trade under the ticker MCFN after the business combination closes.

When did trading in AUUDW cease and what happened to the Nasdaq listing?

Trading in AUUDW ceased at the close of market on February 18, 2026 and the warrants were removed from Nasdaq. According to the company, the removal followed the warrants' expiration and unexercised warrants were voided thereafter.