This filing is a routine procedural step to fund target companies ahead of the merger vote. The key catalyst remains the late August 2026 special stockholder meeting to approve the merger. Monitor for the proxy statement and any stockholder vote results, as merger approval is the primary value driver for AUUD.
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Executive Summary
Auddia Inc. entered into four senior unsecured bridge notes totaling up to $1.4 million with its merger target companies (Thramann Holdings, LT350, Influence Healthcare, and Voyex) to provide interim working capital while its pending merger agreement is outstanding. The funds advanced will be credited toward Auddia's $12 million net cash closing condition under the merger agreement. This is a procedural step to keep the target companies operational ahead of the special stockholder meeting planned for late August 2026, and does not change the fundamental economics or risk profile of the merger for AUUD shareholders.
Key Facts
- Auddia entered into four senior unsecured bridge notes on July 17, 2026, with Thramann Holdings ($360,000 max), LT350 ($400,000 max), Influence Healthcare ($590,000 max), and Voyex ($50,000 max), for a total maximum of $1.4 million.
- The bridge notes carry an 8.0% annual interest rate, compounded annually, and mature on the earlier of the second anniversary of the merger agreement's termination or a change of control.
- Three of the four notes (LT350, Influence, Voyex) are convertible into equity at 80% of the next qualified financing price; the Thramann Holdings note is not convertible.
- Funds advanced under the notes are credited to Auddia's net cash for purposes of the $12 million net cash closing condition in the merger agreement.
- Auddia plans to hold a special stockholder meeting in late August 2026 to vote on the proposed merger with McCarthy Finney.
Financial Impact
Up to $1.4 million in total bridge financing provided to target companies, with funds credited to Auddia's net cash for the merger's $12 million closing condition.
Risk Factors
- Merger may not be approved by stockholders, leaving Auddia with outstanding bridge notes to target companies.
- If the merger is terminated, the notes mature two years later, creating a contingent liability for the target companies that could complicate future financing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (AUUD) — Batch item 1 | 0001683168-26-005735 |
| Document: auddia_ex1003.htm | 0001683168-26-005735 |
| Document: auddia_ex1002.htm | 0001683168-26-005735 |
| Document: auddia_ex1001.htm | 0001683168-26-005735 |
| Document: auddia_8k.htm | 0001683168-26-005735 |
| Document: 0001683168-26-005735-index-headers.html | 0001683168-26-005735 |
| Document: 0001683168-26-005735-index.html | 0001683168-26-005735 |
| Document: 0001683168-26-005735.txt | 0001683168-26-005735 |
| 8-K Filing (AUUD) — Batch item 9 | 0001683168-26-005735 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $0.9516 | awaiting T+60 | — | $0.9099 (−4.38%) |
Oct 6, 2026 21d ago | 425 | $1.15 | awaiting T+60 | — | $0.9099 (−20.88%) |
Oct 6, 2026 21d ago | 8-K | $1.15 | awaiting T+60 | — | $0.9099 (+20.88%) |
Sep 24, 2026 4w ago | 8-K | $1.28 | awaiting T+60 | — | $0.9099 (−28.91%) |
Sep 24, 2026 4w ago | 425 | $1.28 | awaiting T+60 | — | $0.9099 (−28.91%) |
Sep 24, 2026 4w ago | Press Release | $1.28 | awaiting T+60 | — | $0.9099 (−28.91%) |
Sep 11, 2026 6w ago | 425 | $1.02 | awaiting T+60 | — | $0.9099 (−10.79%) |
Aug 17, 2026 10w ago | Press Release | $0.9701 | awaiting T+60 | — | $0.9099 (−6.21%) |
Jul 23, 2026 13w ago | 8-K | $1.07 $1.01 | ▼ −5.61% | ▼ −9.34% | $0.9099 (−14.96%) |
Jun 4, 2026 20w ago | Press Release | $1.48 $0.9657 | ▼ −34.75% | ▼ −36.63% | $0.9099 (−38.52%) |
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