Auddia Files Thramann Holdings Financials and Pro Forma Combined Statements for Pending Reverse Merger
AUUD sits 26% above its 52-week low of $0.816 on light trading volume (0.2× avg).
Summary
Auddia filed the financial statements of Thramann Holdings and pro forma combined financial information for the pending reverse merger, revealing a pre-revenue target with going concern doubt and a pro forma combined net loss of $6.18 million for the first half of 2026.
Key Events · M&A and Partnerships · AUUD
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Thramann Holdings Financials Disclosed
Thramann Holdings reported a net loss of $422,498 for the six months ended June 30, 2026, with no revenue and a going concern doubt. Total assets were $2.72 million, primarily intangible assets of $2.71 million.
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Pro Forma Combined Financials Show Losses
The pro forma combined statement of operations shows a net loss of $6.18 million for the six months ended June 30, 2026, including $500,000 in estimated transaction costs.
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Pro Forma Book Value Per Share
The pro forma combined balance sheet shows total equity of $9.51 million and 6,883,690 shares outstanding, resulting in a pro forma book value per share of $1.38.
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Merger Accounting as Reverse Recapitalization
The merger will be accounted for as a reverse recapitalization, with Thramann Holdings as the accounting acquirer. Auddia stockholders will own approximately 20% of the combined company, with Jeff Thramann owning approximately 80%.
Analysis · AUUD · Technology
Auddia filed the unaudited financial statements of Thramann Holdings and the pro forma combined financial information for the pending reverse merger. The pro forma data shows the combined company would have total assets of $17.98 million, total liabilities of $8.47 million, and a pro forma book value per share of $1.38. Thramann Holdings is pre-revenue with a going concern doubt, and the pro forma combined net loss for the six months ended June 30, 2026 is $6.18 million. The merger is expected to be accounted for as a reverse recapitalization, with Thramann Holdings as the accounting acquirer. This filing provides the financial details investors need to evaluate the merger ahead of the September 23 shareholder vote.
At the time of this filing, AUUD was trading at $1.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $6M. The 52-week trading range was $0.82 to $23.79. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.