Why Did Auddia Stock Surge Over 90% Overnight? - Auddia (NASDAQ:AUUD)

Auddia Inc. (NASDAQ:AUUD) jumped 91.66% in overnight trading to $1.60 on Tuesday. The move followed the company’s Securities and Exchange Commission (SEC) filing disclosing a definitive agreement and plan of merger with Colorado-based Thramann Holdings, LLC. Thramann Holdings is wholly owned by Auddia’s President and CEO, Jeff Thramann.Related-Party Deal Triggers After-Hours SpikeAccording to the filing, under the agreement, both entities would merge under holding company McCarthy Finney Inc., a Delaware co ...