AUDDIA INC.

Auddia Inc. announced that LT350, one of the businesses set to merge with Auddia to form McCarthy Finney, has initiated detailed engineering and deployment planning for its first operational AI canopy pilot. LT350 has signed a definitive agreement with Fresh Consulting for Phase 1 work, which includes designing the modular GPU canopy's technical architecture. This engagement aims to deliver the first pilot canopy within 18 months of the merger's completion.

Auddia Inc. announced it has received the initial comment letter from the U.S. Securities and Exchange Commission (SEC) regarding its Form S-4 registration statement for the proposed merger with McCarthy Finney, Inc. The company expects to file an amended S-4 addressing all comments early next week and anticipates the merger will close in July. This merger is designed to create a diversified AI-driven operating company, McCarthy Finney, which will leverage the McCarthy Finney Operating System across its four core subsidiaries: LT350, Influence Healthcare, Voyex, and Auddia.

Auddia Inc. announced the commencement of development for the McCarthy Finney Operating System (MCFN-OS), an AI-native, Web3-enabled platform intended to power McCarthy Finney post-merger with Thramann Holdings, LLC. The company has engaged Chase J. Thompson as Platform Architect, marking the transition of MCFN-OS from conceptual architecture to an active build. The first production module of the system is targeted for release in Q3 2026, designed to deliver agentic AI, a shared institutional memory, and chat-first workflow automation across all future subsidiaries.

Auddia Inc. announced a Full Platform Partnership between its Discovr Radio artist promotion platform and Beatcave, Canada's premier music community. Under the 12-month agreement, Discovr Radio becomes Beatcave's Official Membership Partner, leveraging Beatcave's 1.42 million 90-day digital views to expand artist acquisition. This partnership is expected to strengthen Auddia's artist pipeline in anticipation of its merger with Thramann Holdings, LLC to form McCarthy Finney, an AI holding company.

Auddia Inc. announced a Notice of Allowance from the USPTO for a foundational patent covering its core AI technology for commercial-free AM/FM radio and its Discovr Radio platform. This patent, titled "A Method for Classifying Segments of an Audio Stream of a Radio Program," protects the company's machine-learning system for audio classification and song boundary identification. The allowance expands Auddia's IP portfolio to 6 issued and 6 pending patents, and the broader McCarthy Finney (MCFN) platform to 20 issued and 9 pending patents across its subsidiaries. This strengthens Auddia's competitive advantage in AI-enhanced AM/FM radio and artist discovery, especially as it prepares for its merger with Thramann Holdings to form McCarthy Finney.

Auddia Inc. announced the successful debut of Discovr Radio's brand activation at the Departure Festival + Conference in Toronto, generating over 65 demo submissions and high attendance. This strong demand signals Toronto as a high-potential expansion hub for Discovr Radio's AI-driven music promotion model. The company is in talks to expand programming for the 2027 festival and explore additional partnerships in the region. Auddia also reiterated its pending merger with Thramann Holdings, LLC, which will form McCarthy Finney, an AI holding company.

Auddia Inc. announced a definitive merger agreement with Thramann Holdings, LLC, which owns three AI-native operating companies: LT350, Influence Healthcare, and Voyex. Upon completion, Auddia will be renamed McCarthy Finney and trade under MCFN, becoming an AI holding company. Separately, Auddia reported strong early performance for its Discovr Radio platform, with over 100,000 plays, nearly 1,000 artist/label accounts, a 44% clickthrough rate, and a 30% free-to-paid conversion rate, exceeding internal benchmarks.

Auddia Inc. released a new analysis highlighting LT350's distributed AI data center canopies, which utilize airspace above existing parking lots to meet AI compute demand without consuming new land or water. This announcement comes as public opposition to traditional data centers is high, with a Gallup poll finding 71% of Americans oppose them in their communities. The company previously entered a definitive merger agreement with Thramann Holdings, LLC, which fully owns LT350, Influence Healthcare, and Voyex. Upon completion, Auddia will change its name to McCarthy Finney (MCFN), an AI holding company focused on delivering AI and Web3 services through its portfolio.

Auddia Inc. highlighted new market data from a SharonAI filing, revealing a $1.25 billion GPU cloud contract that implies $30,488 in annual revenue per high-performance GPU. Auddia used this benchmark to contextualize the potential scale of LT350, its distributed AI infrastructure subsidiary, which is part of the upcoming McCarthy Finney merger. LT350's REIT partnership could support up to 960,000 GPUs across 4 million sq ft of parking lot airspace, potentially representing $29 billion in annualized market-equivalent pricing.

Auddia Inc. reported a net loss of $2.28 million for the three months ended March 31, 2026, an increase from $1.75 million in the prior year period. The company's cash and cash equivalents significantly decreased to $1.41 million, leading to substantial doubt about its ability to continue as a going concern. Despite securing $12.9 million in additional financing, which extends its operating runway into Q1 2027, Auddia continues to incur recurring losses and will require further funding.