Neutral
GlobeNewsWire
2 months ago
Auddia Announces Non-binding Letter of Intent for Business Combination and Restructuring
Restructuring into a holding company focused on delivering AI and web3 efficiencies to portfolio companies AI efficiencies include discounted AI compute costs, centralized AI model training and engineering, and utilization of AI tools to optimize operations Web3 efficiencies include leveraging treasury strategies and the development of new blockchains and tokens to reinvent market verticals, optimize portfolio company operations, and drive sustainable multiples of NAV BOULDER, Colo., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ: AUUD) (NASDAQ: AUUDW) (“Auddia” or the “Company”), today announced that in follow up to the leadership and strategic changes announced last month the Company's Board, acting upon the recommendation of the Special Committee of Independent Directors, has approved a non-binding letter of intent (“LOI”) for a business combination between Auddia and Thramann Holdings, LLC (“Holdings”).