Auddia Closes $12M Public Offering

Auddia Inc., a technology company specializing in an AI platform for audio, announced and subsequently closed a public offering of 5,084,743 shares of its common stock and accompanying warrants. The offering was priced at $2.36 per share/equivalent and warrant, generating approximately $12 million in gross proceeds. Dawson James Securities, Inc. served as the exclusive placement agent. The warrants are exercisable immediately at $2.36 per share and expire either upon the consummation of a merger agreement involving McCarthy Finney, Inc., Auddia Merger Sub, Inc., and Thramann Merger Sub LLC, or after five years. The net proceeds are intended for Auddia's working capital and general corporate purposes. The United States — United States Securities and Exchange Commission declared the registration statement effective on April 23, 2026.