Company models base case DCF valuation of post-merger company at $250 million with approximately 50% of the valuation attributed to LT350
LT350's proprietary technology transitions the airspace of parking lots into distributed AI datacenters
BOULDER, Colo., April 29, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ:AUUD) ("Auddia" or the "Company") announced today that, following the successful completion of its $12 million financing, the Company is now positioned to accelerate the closing of its transformational merger with Thramann Holdings, LLC., to form McCarthy Finney (NASDAQ:MCFN), an AI-native holding company with a $250 million DCF valuation based on internal projections.
The financing serves as a key catalyst to complete the remaining merger steps, to include filing the S-4 registration statement and scheduling the shareholder vote to approve the merger. With this milestone achieved, the Company expects to move rapidly toward closing and transitioning to McCarthy Finney.
A central component of the merger is LT350, a distributed AI datacenter subsidiary which represents approximately 50% of the $250 million DCF valuation of the post-merger entity. LT350 deploys GPU-dense inference infrastructure in the unused airspace above existing parking lots, enabling rapid, scalable, and power-sovereign AI compute capacity without the land, water, and permitting constraints of traditional datacenters.
"Auddia entered the recent financing as a company valued by the market at roughly $2 million. The merger introduces a multi-subsidiary AI platform supported by an internal $250 million discounted cash flow valuation framework. Completing this financing allows us to accelerate the closing process and gives the market an opportunity to value the combined company on the basis of the new assets coming into McCarthy Finney." said Jeff Thramann, CEO of Auddia and Founder of the Thramann Holdings entities.
LT350's architecture, modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positions the company at the center of the distributed datacenter movement, where AI infrastructure demand is outpacing the ability to build traditional datacenters. The Company noted that LT350's positioning within this market was a key driver of the significant trading volume following its recent patent announcement.
Upon closing of the merger, the combined company operating as McCarthy Finney (MCFN) will be comprised of four AI-driven subsidiaries:
LT350, Distributed AI datacenters
Influence Healthcare, AI driven value-based care
Voyex, Agentic AI travel rebooking
Auddia, AI driven music discovery
"The market has already shown strong interest in LT350's role in the future of AI infrastructure," added Thramann. "This financing allows us to accelerate the merger and move into execution mode."
For information about LT350, please visit www.LT350.com.
LT350's whitepaper, Distributed, Power-Sovereign AI Infrastructure for the Inference Economy, is available here.
About Thramann Holdings, LLC
Thramann Holdings is a single member Colorado LLC, owned and managed by Jeff Thramann that was formed to facilitate the merger transaction with Auddia (AUUD). Thramann Holdings fully owns LT350, Influence Healthcare, and Voyex, three early stage AI native operating companies.
LT350 is a distributed AI data center company with 13 issued, 1 allowed, and 3 pending patents on a proprietary solar parking lot canopy infrastructure platform that integrates modular battery storage and GPU cartridges into the ceiling of the canopy to turn any parking lot into an AI data center. The Company aims to build the most secure, lowest latency, cost effective, and rapidly deployed network of distributed AI data centers at the edge by leveraging the use of underutilized parking lot space while strengthening the existing power infrastructure of local utilities.
Influence Healthcare is a healthtech company leveraging AI, blockchain, and vertical integration to empower surgeons to drive adoption of value based care (VBC) to the surgical specialties. The Company's mission is to leverage technology and value based enterprises (VBEs) to build an alternative healthcare system that minimizes the corporate practice of medicine, eliminates administrative waste, and enhances the autonomy and pay of health care providers to empower them to improve quality and return the patient physician relationship to the center of medicine.
Voyex is a travel services platform that leverages agentic AI, an integrated fintech platform, and utilization of charter and private jet aircraft to significantly improve the travel experience. The Company aims is to alleviate the leading pain points for travelers of lengthy flight delays and cancellations.
About Auddia Inc.
Auddia, through its proprietary AI platform for audio, is reinventing not only how consumers engage with AM/FM radio, podcasts, and other audio content but also how artists and labels promote their music and gain access to mainstream radio audiences. Auddia's Discovr Radio is the first music-promotion platform to ...
