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Auddia Launches Discovr Radio, Redefining Artist Discovery in Radio Streaming and Provides Update on Merger
Prism Media Wire· 2026-01-20 11:01
Core Viewpoint - Auddia Inc. has launched Discovr Radio, an AI-powered platform aimed at transforming artist discovery in radio streaming, with a focus on integrating music directly into AM/FM streaming feeds during ad slots, enhancing listener engagement and artist exposure [2][4][5]. Group 1: Product Launch and Features - Discovr Radio will officially launch on January 20, 2026, starting with a pilot group of approximately 300 customers, with plans for weekly onboarding of additional users based on the growth of Auddia's faidr app [3][4]. - The platform utilizes Auddia's proprietary AI Placement Engine to match songs to listeners based on contextual, behavioral, and listening data, ensuring guaranteed plays while maintaining a seamless listening experience [4][5]. - An integrated Artist Portal will provide artists and labels with performance analytics, listener engagement insights, and detailed reporting on plays, skips, likes/dislikes, and cost-per-play [6]. Group 2: Strategic Goals and Expansion - The goal of Discovr Radio is to align the interests of listeners, artists, and the radio ecosystem by combining AI-driven placement, guaranteed plays, and transparent analytics, creating a scalable discovery engine [7]. - The initial pilot phase aims to refine platform performance and gather insights from early customers, with plans for expansion as the user base of faidr grows [7]. Group 3: Merger Update - Auddia is progressing in its merger discussions to form a new holding company named McCarthy Finney, which will focus on delivering AI and web3 capabilities to its subsidiaries, including Auddia [8]. - The non-binding Letter of Intent (LOI) for the merger has been extended through the end of January to facilitate the completion of the process, with plans to file a comprehensive S-4 after executing a binding merger agreement [8].
Auddia Launches Discovr Radio, Redefining Artist Discovery in Radio Streaming and Provides Update on Merger
Globenewswire· 2026-01-20 11:00
Platform goes live January 20 with initial pilot of 300 customers and phased expansion tied to faidr user growth Merger process to form McCarthy Finney continuing to progress towards execution of definitive documents BOULDER, Colo., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ: AUUD) (NASDAQ: AUUDW) (“Auddia” or the “Company”), an AI first technology company that has built a proprietary AI platform for audio identification and classification to reinvent how consumers engage with audio, today annou ...
Auddia Announces New Corporate Overview on Company Website
Prism Media Wire· 2025-10-16 10:02
Core Viewpoint - Auddia Inc. is undergoing a restructuring to become a holding company focused on delivering AI and web3 capabilities to its portfolio companies, with a shift from a direct-to-consumer model to a B2B business model centered on AI-driven music discovery [2][3][5]. Group 1: Corporate Restructuring - Auddia has signed a non-binding Letter of Intent (LOI) for a proposed business combination aimed at restructuring the company [3]. - The new holding company will be named McCarthy Finney, honoring John McCarthy, the father of AI, and Hal Finney, a pioneer in digital currency [4]. - The company has secured the URL www.mccarthyfinney.com and reserved the NASDAQ ticker MCFN [4]. Group 2: Business Model Shift - Auddia is transitioning from a subscription-based direct-to-consumer business model to a B2B model focused on AI-driven music discovery [5]. - The updated corporate overview reflects this pivot and incorporates the ongoing restructuring activities [6]. Group 3: Upcoming Events - Auddia will present at the 19th Annual Main Event on October 21, 2025, at 2:00 PM PT, with CEO Jeff Thramann leading the presentation [7]. - A webcast is scheduled for the same date and time, allowing for virtual attendance [2]. Group 4: Product Offerings - Auddia's flagship audio superapp, faidr, aims to reinvent consumer engagement with audio content, including AM/FM radio and podcasts [8]. - The app features industry-first capabilities such as ad-free listening and content skipping across various audio platforms [10].
Auddia to Present at the LD Micro Main Event XIX
Newsfile· 2025-10-08 10:00
Company Overview - Auddia Inc. is an AI-first technology company focused on audio identification and classification, aiming to transform consumer engagement with audio content [1][4]. - The company's flagship product, faidr, is an audio superapp that offers ad-free listening on AM/FM music stations, content skipping, and exclusive playlists featuring new artists [4][7]. Event Details - Auddia will present at the 19th Annual LD Micro Main Event on October 21, 2025, at 2:00 PM PT in San Diego, California [1][2]. - The LD Micro Main Event XIX will take place from October 19 to 21, 2025, featuring around 120 companies presenting and engaging in one-on-one investor meetings [2][3]. Industry Context - LD Micro serves as a key resource in the small-cap space, providing insights and access to emerging companies [5].
Auddia Announces Restructuring of Engineering Team in Preparation for Business Combination
Globenewswire· 2025-08-25 10:12
Core Insights - Auddia Inc. is restructuring its engineering team to reduce costs by $750,000 annually while preparing for an AI-native holding company structure following a proposed business combination [1][3] - The company is shifting its business model from a consumer subscription model to a B2B SaaS model, targeting artists and labels to leverage AM/FM radio streams [4] Engineering Restructuring - The current lead AI engineer will join the AI engineering team at the holding company level, enhancing the company's focus on AI [1][2] - The restructuring aims to utilize internal and outsourced engineering talent to accelerate product development [1][5] - Key AI talent will be retained while less specialized engineering tasks will be outsourced, allowing for parallel development of multiple projects [3] Leadership Changes - Peter Shoebridge, the CTO, will leave the company at the end of August as part of the restructuring [3][4] - The CEO expressed gratitude for Shoebridge's contributions and professionalism during the transition [4] Product Development Focus - The internal AI team will concentrate on training and productizing the AI Placement Engine, while the outsourced team will develop the Discovr Radio Portal [5] - This new structure is expected to be more capital efficient and expedite the product development process [5]
Auddia Announces New B2B Business Model with Strategic Shift to AI Driven Music Discovery
Prism Media Wire· 2025-08-20 10:00
Core Viewpoint - Auddia Inc. is transitioning its business model from a direct-to-consumer (B2C) approach to a business-to-business (B2B) model, focusing on providing artists and labels with access to its AI-driven music discovery platform, Discovr Radio, which will offer guaranteed radio plays and promote new music to mainstream audiences [2][7][8] Business Model Shift - The company will no longer charge consumers for premium AI features; instead, it will monetize artists who wish to promote their music to AM/FM streaming audiences [3][7] - Auddia's new strategy aims to connect emerging artists with new fans through radio, which has traditionally favored already popular tracks [4][5] Discovr Radio Platform - The Discovr Radio platform will include an AI Placement Engine that optimizes music discovery by matching new songs with appropriate listeners and stations [6] - An Artist Portal will provide artists with performance analytics, including total plays and demographic data, enhancing their connection with fans [6][9] Market Potential - Auddia's internal research indicates a serviceable addressable market of over 100 million prospects for its services, positioning Discovr as a significant tool for artist promotion [8] - The company plans to release a minimum viable product (MVP) version of the Discovr Radio platform by the end of 2025 or early 2026, supported by a pilot program with participating labels [8] Future Integration - While faidr will be the first audio app integrated into the Discovr Radio platform, Auddia intends to expand this integration to other radio streaming apps in the future [9]
Auddia Announces Non-binding Letter of Intent for Business Combination and Restructuring
Globenewswire· 2025-08-05 10:00
Core Viewpoint - Auddia Inc. is restructuring into a holding company focused on leveraging AI and web3 efficiencies to enhance its portfolio companies, with a proposed business combination with Thramann Holdings, LLC [1][3]. Group 1: Business Combination Details - Auddia's Board has approved a non-binding letter of intent for a business combination with Thramann Holdings, which controls three early-stage AI-native companies [1][2]. - The proposed terms indicate that Holdings' equity holders will receive an 80% ownership interest in the combined company, while Auddia equity holders will own 20% [4]. - The business combination is a related party transaction, with Jeff Thramann being the founder and majority shareholder of Holdings [6]. Group 2: Leadership and Management - Following the business combination, Auddia's current board will initially oversee the new holding company, with Jeff Thramann continuing as CEO and John Mahoney as CFO [5]. - Auddia's leadership has formed a Special Committee of Independent Directors to address potential conflicts of interest related to the transaction [6]. Group 3: Financial and Operational Conditions - The closing of the business combination is contingent upon Auddia raising at least $10 million in additional capital to support ongoing operations [7]. - The parties have agreed to a 30-day exclusivity period to negotiate a definitive business combination agreement, which will include customary closing conditions [7]. Group 4: Portfolio Companies - Thramann Holdings controls LT350, Influence Healthcare, and Voyex, which are focused on AI applications in various sectors [2][10]. - LT350 has developed a solar parking lot canopy that can transform parking lots into distributed AI data centers, while Influence Healthcare leverages AI and blockchain for value-based care [11][12].
Auddia Announces Leadership Changes and Special Committee to Evaluate Business Combination and Restructuring as AI Native Holding Company
Globenewswire· 2025-07-09 10:00
Core Viewpoint - Auddia Inc. is undergoing a leadership change and restructuring to enhance its focus on AI capabilities, with Jeff Thramann appointed as the new CEO following Michael Lawless's retirement [1][3][6] Leadership Changes - Jeff Thramann has succeeded Michael Lawless as CEO, who is retiring after 13 years of leadership [1][3] - Three new independent board members with expertise in AI infrastructure and entrepreneurial evaluation have been appointed: Nick Balletta, Emmanuel de Boucaud, and Josh Sroge [2] Restructuring Plans - A special committee has been formed to evaluate a transformative business combination that would restructure Auddia as a subsidiary of an AI native holding company [2][4] - The proposed holding company aims to deliver enhanced AI capabilities through a proprietary AI data center solution, which is expected to lower costs for training AI models [4][5] AI Strategy - The AI leadership team will promote an AI-first culture among portfolio companies, focusing on operational efficiencies and providing world-class data analytics and machine learning expertise [5] - Centralizing AI talent is expected to enhance innovation and improve AI model development across portfolio companies [5] Strategic Analysis - The leadership changes and restructuring proposal are the result of a comprehensive analysis of strategic alternatives conducted over the past nine months [6] - The restructuring is seen as a potential catalyst for the company's growth and strategic direction [6] Company Overview - Auddia is focused on reinventing consumer engagement with audio content through its proprietary AI platform, particularly with its flagship audio superapp, faidr [8]
Auddia(AUUD) - Prospectus
2024-05-23 21:14
Table of Contents As filed with the Securities and Exchange Commission on May 23, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Auddia Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7371 45-4257218 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 1680 38th Stre ...