Auddia announces new $3.5m financing

Proceeds will advance the recently announced enhanced podcast initiatives and support faidr 3.1 ux improvements  new financing better positions the company for its ongoing m&a strategy financing secured without providing warrant coverage boulder, co, march 18, 2024 (globe newswire) -- via newmediawire -- auddia inc. (nasdaq:auud) (nasdaq:auudw) ("auddia" or the "company"), developer of a proprietary ai platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced that it has closed on $3.5m of new financing by selling 1.3m common shares from its previously announced equity line. “we have a number of product enhancements to faidr that are in our pipeline in addition to the innovative seamless play and forward+ capabilities we announced as part of our enhanced podcasts suite last week,” said theo romeo, chief product marketing officer for auddia.
AUUD Ratings Summary
AUUD Quant Ranking