Auddia Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $6.1M
- Price
- $1.05
- % Change (Daily % change from the live per-ticker quote feed.)
- -8.70%
- Volume
- 237.9K
About
Operating as a technology firm, Auddia Inc. develops software applications primarily for the audio and podcast markets. Its flagship product, Faidr, is a mobile subscription-based application that offers users access to a variety of streaming AM/FM radio stations completely free of advertisements. The company's portfolio also includes Vodacast, an interactive podcasting platform and app, and Vodcast Hub, a dedicated content management system. Founded in 2012, the enterprise, which was previously known as Clip Interactive, LLC, officially rebranded to Auddia Inc. in November 2019 and is headquartered in Boulder, Colorado.
Quick stats
Shares outstanding5.8M
Computed float5.8M
Float / shares100.0%
Cash runway (months)7.6
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001554818
Websitehttps://www.auddia.com
AI Summary
AI-generated1/50
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Auddia Cancels October 7th Shareholder Meeting to Align Merger Vote with Expanding AI Infrastructure Opportunity
Auddia cancelled its October 7 special shareholder meeting on the merger with Thramann Holdings after favorable votes fell short of the majority-of-outstanding-shares threshold required under Delaware law, despite roughly 89% of votes cast being in favor.
Proxy advisors determined insufficient additional shares could be sourced from the August 3 record date; the company will set a new record date and reschedule the vote after a CEO letter to shareholders later this week.
Management framed the delay as a chance to showcase the expanding LT350 opportunity — a patented distributed datacenter platform using parking-lot airspace for AI inference — which it says has drawn national media attention and early strategic-partner discussions.
The cancellation nonetheless signals real deal risk: the vote shortfall, a pending new record date, and the need for financing all leave the McCarthy Finney (MCFN) merger uncertain.
Red flags
- Merger vote fell short of required majority of outstanding shares; meeting cancelled and must be rescheduled
- Only ~89% of votes cast (not outstanding) favored the deal — significant shareholder non-participation
- Company acknowledges required financing for the merger may not be obtained in a timely manner, if at all
- Delay in closing could pressure the combined company's cash resources
- Vague 'AI infrastructure opportunity' framing may be an attempt to rebuild support for a struggling vote