Auddia Secures $12M Financing to Accelerate Merger, Aiming for $250M AI Holding Company

Auddia Inc. (NASDAQ: AUUD) announced Tuesday that it has successfully completed a $12 million financing, positioning the company to accelerate the closing of its transformational merger with Thramann Holdings, LLC. The merger will form McCarthy Finney (NASDAQ: MCFN), an AI-native holding company with an internal discounted cash flow (DCF) valuation of $250 million.

The financing is seen as a key catalyst to complete remaining merger steps, including filing the S-4 registration statement and scheduling a shareholder vote. With this milestone, the company expects to move rapidly toward closing and transitioning to McCarthy Finney.

Central to the merger is LT350, a distributed AI datacenter subsidiary that accounts for approximately 50% of the $250 million DCF valuation of the post-merger entity. LT350 deploys GPU-dense inference infrastructure in the unused airspace above existing parking lots, enabling scalable AI compute capacity without the land, water, and permitting constraints of traditional datacenters.

Jeff Thramann, CEO of Auddia and founder of the Thramann Holdings entities, said: ‘Auddia entered the recent financing as a company valued by the market at roughly $2 million. The merger introduces a multi-subsidiary AI platform supported by an internal $250 million discounted cash flow valuation framework. Completing this financing allows us to accelerate the closing process and gives the market an opportunity to value the combined company on the basis of the new assets coming into McCarthy Finney.’

LT350’s architecture features modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positioning the company at the center of the distributed datacenter movement. The company noted that LT350’s positioning within this market was a key driver of significant trading volume following its recent patent announcement.

Upon closing, the combined company operating as McCarthy Finney will consist of four AI-driven subsidiaries: LT350 (distributed AI datacenters), Influence Healthcare (AI-driven value-based care), Voyex (agentic AI travel rebooking), and Auddia (AI-driven music discovery). For more information about LT350, visit www.LT350.com.

Thramann added: ‘The market has already shown strong interest in LT350’s role in the future of AI infrastructure. This financing allows us to accelerate the merger and move into execution mode.’

The latest news and updates relating to $AUUD are available in the company’s newsroom at https://tinyurl.com/auudnewsroom.

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