# AUDDIA INC. (AUUD) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_5b95bbbb347152a10147 · retrieved 2026-08-11T15:49:13.024Z

## Overview
Auddia Inc. operates a proprietary AI platform for audio that reinvents consumer engagement with AM/FM radio, podcasts, and other audio content through its flagship audio superapp faidr, which delivers ad-free listening, content skipping, and integrated artist discovery experiences.

Auddia Inc. entered into an Agreement and Plan of Merger dated February 17, 2026, with McCarthy Finney, Inc. (Holdco), Auddia Merger Sub, Inc., Thramann Merger Sub LLC, and Thramann Holdings, LLC. Under the merger structure, Thramann Merger Sub will merge with and into Thramann, with Thramann surviving as a wholly owned subsidiary of Holdco, and Auddia Merger Sub will merge with and into Auddia, with Auddia surviving as a wholly owned subsidiary of Holdco. The combined company will operate under the McCarthy Finney holding company structure. LT350, a distributed AI compute business with proprietary solar parking-lot canopy infrastructure protected by 13 issued and 3 pending patents, accounts for approximately 50% of McCarthy Finney's $250 million DCF valuation, implying an approximate $125 million valuation for LT350.

## Terms
- Counterparty: Thramann Holdings, LLC · Deal value: $250.0M · Stake: 80% · Price/share: $1

## Key dates
- Announced 2026-02-17

## Timeline
- 2026-02-17 · 425 (0001683168-26-001117): 425 - AUDDIA INC. — *Auddia Inc. is a computer processing and data preparation services company that provides audio and music-related technology solutions.* On February 17, 2026, Auddia Inc. entered into a definitive merger agreement with McCarthy Finney, Inc. (Holdco), whereby Auddia Merger Sub will merge into Auddia and Thramann Merger Sub will merge into Thramann Holdings, LLC, with both companies becoming wholly owned subsidiaries of Holdco. Auddia shareholders will receive one share of Holdco Common Stock per Auddia Common Stock share, while Thramann members will receive Holdco Special Preferred Stock and $3.5 million in aggregate principal amount of Holdco Notes. The transaction is structured so that Thramann holders will own approximately 80% of Holdco on an economic basis (including the $3.5 million in notes), while Auddia shareholders will own approximately 20%, subject to adjustment based on Auddia's net cash at closing (with adjustments if net cash falls below $12 million or exceeds $20 million).
  https://www.sec.gov/Archives/edgar/data/1554818/0001683168-26-001117.txt
- 2026-02-25 · 425 (0001683168-26-001295): 425 - AUDDIA INC. — *Auddia Inc. operates a proprietary AI platform for audio that reinvents consumer engagement with AM/FM radio, podcasts, and other audio content through its flagship audio superapp faidr, which delivers ad-free listening, content skipping, and integrated artist discovery experiences.* Auddia Inc. entered into an Agreement and Plan of Merger dated February 17, 2026, with McCarthy Finney, Inc. (Holdco), Auddia Merger Sub, Inc., Thramann Merger Sub LLC, and Thramann Holdings, LLC. Under the merger structure, Thramann Merger Sub will merge with and into Thramann, with Thramann surviving as a wholly owned subsidiary of Holdco, and Auddia Merger Sub will merge with and into Auddia, with Auddia surviving as a wholly owned subsidiary of Holdco. The combined company will operate under the McCarthy Finney holding company structure. LT350, a distributed AI compute business with proprietary solar parking-lot canopy infrastructure protected by 13 issued and 3 pending patents, accounts for approximately 50% of McCarthy Finney's $250 million DCF valuation, implying an approximate $125 million valuation for LT350.
  https://www.sec.gov/Archives/edgar/data/1554818/0001683168-26-001295.txt

## Citations
- 0001683168-26-001117 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000168316826001117
- 0001683168-26-001295 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000168316826001295