Auddia completes $12 million public offering with warrants

Auddia Inc. (NASDAQ: AUUD) announced the completion of its public offering, raising approximately $12 million in gross proceeds before fees and expenses.

The Boulder, Colorado-based technology company sold 5,084,743 shares of common stock and accompanying warrants at a combined price of $2.36 per share. The warrants allow holders to purchase up to 5,084,743 additional shares at $2.36 per share and are exercisable immediately upon issuance.

The warrants will expire upon the earlier of the completion of transactions under a merger agreement dated February 17, 2026, or five years from the issuance date. Dawson James Securities, Inc. served as the exclusive placement agent for the offering.

Auddia stated it plans to use the net proceeds for working capital and general corporate purposes. The company noted that no assurance can be given that any of the warrants will be exercised.

The offering was conducted under a registration statement on Form S-1 that became effective on April 23, 2026, following approval by the Securities and Exchange Commission.

Auddia operates a proprietary AI platform for audio identification and classification. The company's products include Discovr Radio, described as a music-promotion platform, and faidr, an audio application that offers features such as ad-free listening on AM/FM stations and content skipping capabilities.

You May Also Be Interested In

• AMR Resources prices $250M IPO on Nasdaq at $10 per unit
• MKDwell Tech to acquire smart-home firm Landvision for $240M
• DBV Technologies refreshes ATM program with $150M ADS offering