Financing ·
Exchanges up to 4.7M warrants for 9.4M shares of common stock subject to approval
AUUDAuddia Inc.
Auddia Inc. entered into Warrant Exchange Agreements with holders of its outstanding publicly traded warrants, allowing them to exchange existing warrants for two shares of common stock per warrant. Initially, 580,023 warrants will be exchanged for 1,160,045 shares, and subject to stockholder approval, an additional 4,135,539 warrants will be converted into 8,271,077 shares. The transaction is exempt from registration under Section 3(a)(9) of the Securities Act as no commission or remuneration is paid. Auddia Inc. develops and markets automotive infotainment software and hardware solutions.