Auddia Inc. has entered into an At-the-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC, allowing for the sale of its common stock shares with an aggregate offering price of up to $10,000,000. This transaction will be conducted through an "at the market offering" as defined under Rule 415 of the Securities Act of 1933. Auddia Inc. and the sales agent both retain the discretion to terminate the agreement under specified conditions. The company has filed a prospectus supplement with the SEC for the offering of up to $3,042,500 in shares, adhering to the limitations outlined in Form S-3. Auddia Inc. will compensate the agent with a commission up to 3.0% of the gross proceeds from sales under this agreement.
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: 0001683168-25-006407), on August 22, 2025, and is solely responsible for the information contained therein.