Auddia Files Updated Pro Forma Financials for Reverse Merger and $12M Equity Financing

summarizeSummary

Auddia Inc. filed updated pro forma financial statements for its reverse merger with Thramann Holdings, detailing the financial impact of the transaction and the $12 million equity financing required to close the deal.

check_boxKey Events

• Updated Pro Forma Financials Filed

  Auddia Inc. filed unaudited pro forma combined financial statements for its reverse merger with Thramann Holdings, LLC, as of March 31, 2026, and for the three months ended March 31, 2026 and 2025.

• Reverse Merger Ownership Structure Confirmed

  The filing reiterates that Auddia shareholders are expected to own approximately 20% of the combined company, with Thramann Holdings owning approximately 80%, making Thramann the accounting acquirer.

• $12 Million Equity Financing Detailed

  The business combination is conditioned on Auddia having at least $12 million net cash, to be raised through an equity financing assuming 5.085 million shares issued at $2.36 per share. This financing is critical for the combined company's cash runway.

• Pro Forma Book Value Per Share

  The pro forma book value per share for Auddia common stockholders after the merger is stated as $1.80, based on a total of 5,802,182 shares outstanding.

auto_awesomeAnalysis

This filing provides the latest financial picture of the combined entity following Auddia's reverse merger with Thramann Holdings. It confirms the extreme dilution for existing Auddia shareholders, who will own only approximately 20% of the combined company, while Thramann Holdings will own 80%. The $12 million equity financing, a condition for the merger, is highly dilutive relative to Auddia's current market capitalization but is crucial for the combined company's cash runway, addressing previous "going concern" warnings.