Auddia Announces Closing of $3.1 Million Registered Direct Offering of Common Stock
16 6월 2023 - 1:40AM
via NewMediaWire – Auddia Inc. (Nasdaq: AUUD) ("Auddia" or the
"Company"), developer of a proprietary AI platform for audio and
innovative technologies for podcasts that is reinventing how
consumers engage with audio, today announced the closing of its
previously announced registered direct offering of 4,735,000 shares
of common stock at a purchase price of $0.65 per share, priced
at-the-market under Nasdaq rules.
The gross proceeds to the Company from the
registered direct offering were approximately $3.1 million before
deducting the placement agent’s fees and other offering
expenses.
Maxim Group LLC acted as the sole placement
agent and Ladenburg Thalmann & Co. Inc. acted as financial
advisor for the offering.
The shares of common stock were offered pursuant
to a shelf registration statement on Form S-3 (File No.
333-264227), which was declared effective by the United States
Securities and Exchange Commission ("SEC") on April 18, 2022.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction. A prospectus supplement relating to the shares of
common stock was filed by the Company with the SEC. Copies of the
prospectus supplement relating to the registered direct offering,
together with the accompanying prospectus, can be obtained at the
SEC's website at www.sec.gov or from Maxim Group LLC, 300
Park Avenue, New York, NY 10022, at (212) 895-3745.
About Auddia Inc.
Auddia, through its proprietary AI platform for
audio identification and classification and related technologies,
is reinventing how consumers engage with AM/FM radio, podcasts, and
other audio content. Auddia’s flagship audio superapp, called
faidr, brings two industry firsts to the audio-streaming landscape:
subscription-based, ad-free listening on any AM/FM radio station
and podcasts with interactive digital feeds that support deeper
stories and open untapped revenue streams to podcasters. faidr also
delivers exclusive content and playlists, and showcases exciting
new artists, hand-picked by curators and DJs. Both differentiated
offerings address large and rapidly growing audiences with strong
purchase intent. For more information, visit: www.auddia.com
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 about the
Company's current expectations about future results, performance,
prospects and opportunities. Statements that are not historical
facts, such as "anticipates," "believes" and "expects" or similar
expressions, are forward-looking statements. These forward-looking
statements are based on the current plans and expectations of
management and are subject to a number of uncertainties and risks
that could significantly affect the Company's current plans and
expectations, as well as future results of operations and financial
condition. These and other risks and uncertainties are discussed
more fully in our filings with the Securities and Exchange
Commission. Readers are encouraged to review the section titled
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2022, as well as other disclosures
contained in the Annual Report and subsequent filings made with the
Securities and Exchange Commission. Forward-looking statements
contained in this announcement are made as of this date and the
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact Information
Kirin Smith, PresidentPCG Advisory,
Inc.ksmith@pcgadvisory.comwww.pcgadvisory.com
Auddia (NASDAQ:AUUDW)
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