Auddia shares jump 57% after merger agreement with Thramann Holdings

2026-02-18 06:25:00 ET

• Auddia ( AUUDW ) ( AUUD ) said Wednesday that its board, following a recommendation from its special committee of independent directors, has approved a definitive merger agreement to combine with Thramann Holdings, sending shares up 57% in premarket trading.
• Thramann Holdings is a privately held holding company that controls LT350, Influence Healthcare, and Voyex, three early-stage AI-native companies founded by Jeff Thramann .
• Upon closing of the transaction, Auddia will be renamed McCarthy Finney and trade under its new MCFN ticker. Auddia will become a fully owned subsidiary, and each of the three Thramann Holdings entities will also be fully owned by McCarthy Finney . Jeff Thramann will remain as CEO of McCarthy Finney and John Mahoney will remain as CFO, the company said.
• Auddia shareholders are expected to own 20% of McCarthy Finney at closing with 80% of the combined company expected to be owned at closing by Jeff Thramann .
• The closing of the merger will be conditioned on Auddia  ( AUUDW ) ( AUUD ) having at least $12 million cash on hand at closing in order to provide cash runway to fund McCarthy Finney to key future business  milestones.

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