BOULDER, Colo., April 27, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), a technology company that has built a proprietary AI platform for audio identification and classification to reinvent how consumers engage with audio, today announced the closing of its previously announced best efforts public offering of an aggregate of 5,084,743 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 5,084,743 shares of common stock (the "Warrants"), at a combined public offering price of $2.36 per share (or per common stock equivalent in lieu thereof) and accompanying Warrant. The Warrants have an exercise price of $2.36 per share, are exercisable immediately upon issuance and expire upon the earlier of: (i) the consummation of the transactions contemplated by certain Agreement and Plan of Merger, as may be amended, dated as of February 17, 2026, by and among, McCarthy Finney, Inc., Auddia Merger Sub, Inc., Thramann Merger Sub LLC, and the Company or (ii) the 5-year anniversary of the date of issuance.

Dawson James Securities, Inc. acted as the exclusive placement agent for the offering.

The aggregate gross proceeds to the Company from the offering were approximately $12 million, before deducting the placement agent's fees and other offering expenses payable by the Company. No assurance can be given that any of the Warrants will be exercised. The Company intends to use the ...