Why Did AUUD Stock Surge Over 55% In Pre-Market Today?
Synopsis
The company announced that its board approved a definitive merger agreement with Thramann Holdings
Shares of Auddia Inc. (AUUD) shot up more than 55% in pre-market trading on Wednesday, after the company announced that its board approved a definitive merger agreement with Thramann Holdings, advancing a business combination first outlined in August 2025.
Once the deal closes, the combined company will be renamed McCarthy Finney and trade under the ticker MCFN. Auddia will become a wholly owned subsidiary, alongside three Thramann entities.
At the closing of the transaction, Auddia shareholders are projected to own about 20% of McCarthy Finney, with Thramann holding the remaining 80%. The transaction is contingent on Auddia maintaining at least $12 million in cash to support operations and fund future growth. McCarthy Finney’s base case valuation is expected to be $250 million.
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