Auddia Inc. develops a proprietary AI platform for audio identification and classification used in consumer audio products and music-promotion tools. Its recurring company updates center on the faidr audio superapp, AM/FM radio and podcast engagement features, and Discovr Radio, a platform for artist discovery and radio-listener exposure.
Auddia news also covers capital-structure actions, public offerings, warrants, preferred-stock exchanges, reverse stock splits, shareholder voting matters, Nasdaq listing compliance, material agreements, and operating and financial results. The company’s common stock and warrants trade under AUUD and AUUDW.
Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) successfully closed an upsized initial public offering of 3,991,818 units priced at $4.125 each, generating gross proceeds of approximately $16.5 million. Each unit comprises one share of common stock and one Series A warrant. The warrants are immediately exercisable at $4.5375 per share and expire in five years. An additional 598,772 shares were issued due to underwriter's over-allotment option. The offering is registered with the SEC, enhancing Auddia's capabilities in audio content monetization.
Auddia Inc. (NASDAQ:AUUD, AUUDW) has priced its upsized initial public offering at $4.125 per unit, consisting of one share of common stock and one Series A warrant, totaling approximately $16.5 million in gross proceeds. The offering includes 3,991,818 units and a 45-day option for underwriters to purchase an additional 598,772 units. Trading is set to begin on February 17, 2021, on the Nasdaq Capital Market. Auddia develops technology platforms that enhance audio media monetization and consumption through applications like Auddia and Vodacast.