Auddia Inc. has provided an update on its proposed business combination and restructuring, which remains in progress as parties work toward executing definitive agreements. The transaction aims to restructure Auddia as a holding company delivering AI and web3 capabilities to its portfolio companies. The surviving public company is expected to be named McCarthy Finney (NASDAQ: MCFN), honoring John McCarthy, the father of AI, and Hal Finney, a pioneer in digital currency. This update also reflects Auddia's shift from a subscription-based direct-to-consumer business model to a B2B model focused on AI-driven music discovery. Further details are available in the updated corporate overview on the company's website.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Auddia Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-007609), on October 16, 2025, and is solely responsible for the information contained therein.