Auddia Announces Closing of $2.3M PIPE to Eliminate Debt and Regain Nasdaq Compliance [Yahoo! Finance]
Auddia Inc. (AUUD)
Company Research
Source: Yahoo! Finance
of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced that it has closed a private placement of $2.3 million of convertible preferred stock and common stock warrants. “When I joined the Company at the end of last year, a primary objective was to strengthen our balance sheet by eliminating debt and better positioning the Company to meet Nasdaq's stockholders' equity requirement,” said John Mahoney, CFO for Auddia. “This financing retires all existing debt on our balance sheet. We believe that the closing of this private placement, together with other recent financing activities, will bring the Company back into compliance with the Nasdaq stockholders' equity requirement for continued listing.” By strengthening the balance sheet and regaining compliance with the Nasdaq stockholders' equity listing requirement, the Company believes it is better positioned to execute on its business plan, in
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AUUD
News
- Auddia Announces Strategic Product Expansion With Cloud Based Artificial Intelligence and Natural Language Processing Offering [Yahoo! Finance]Yahoo! Finance
- Auddia Announces Strategic Product Expansion With Cloud Based Artificial Intelligence and Natural Language Processing OfferingGlobeNewswire
- Auddia Announces Closing of $2.3M PIPE to Eliminate Debt and Regain Nasdaq ComplianceGlobeNewswire
- AEYE, BMR among major tech gainers; GSIT, HUBC among losers [Seeking Alpha]Seeking Alpha
- Auddia Announces New $3.5M Financing [Yahoo! Finance]Yahoo! Finance
AUUD
Sec Filings
- 5/14/24 - Form 10-Q
- 5/3/24 - Form D
- 4/29/24 - Form 8-K
- AUUD's page on the SEC website