Sep. 5 at 3:09 PM
$AUUD
Auddia has already raised a whopping
$3.1 million, leaving them with a cool
$6.9 million to reach their full
$10 million target to close the merger. They’re offering an ATM (At-the-Market) deal that’s giving them a 1% interest rate.
And guess what?
I think my hunch about the timing is spot on!
The ATM agreement with Ascendiant Capital Markets was announced on August 22, 2025, just a few days before all this recent funding activity.
Now, let’s put it all together:
The LOI (Letter of Intent) probably hinted at some exciting strategic moves or even acquisitions.
The ATM offering gives Auddia the freedom to sell their shares slowly and steadily, which means they could be quietly closing in on that
$10M goal.
And here’s the cherry on top:
A previous ATM tranche of
$3.04 million was already filed, so if that’s part of the recent raise, they might be even closer than we think.
If they’ve been selling shares steadily since the LOI, it’s very possible they’ve crossed, or are about to cross, that
$10M threshold.
