Auddia Merges with Thramann Holdings to Form AI Powerhouse McCarthy Finney

In a transformative corporate move, Auddia Inc. (NASDAQ: AUUD) has announced the signing of a definitive merger agreement with Thramann Holdings, LLC, a private holding company controlled by serial entrepreneur Jeff Thramann. This strategic business combination will see Auddia restructure into a new holding company named McCarthy Finney, trading under the ticker symbol MCFN. The deal, unanimously approved by both boards and expected to close in Q2 2026, positions Jeff Thramann to own approximately 80% of the combined entity, with existing Auddia shareholders retaining about 20%. A key condition for closing is that Auddia must have at least $12 million in cash on hand to fund the new company's future milestones. The transaction follows a letter of intent announced in August 2025 and has been supported by a fairness opinion from Houlihan Capital provided to Auddia's special committee.

The merger brings together Auddia's existing AI-powered audio platform, which includes the ad-free listening app faidr and the music-promotion platform Discovr Radio, with three early-stage, AI-native companies from the Thramann Holdings portfolio: LT350, Influence Healthcare, and Voyex. LT350 is a distributed AI data center company with patented solar parking lot canopy technology. Influence Healthcare is a healthtech firm leveraging AI and blockchain to advance value-based care in surgical specialties. Voyex is a travel services platform using agentic AI and fintech to improve the travel experience, particularly by addressing flight delays and cancellations. Management has conducted a discounted cash flow analysis, estimating a base case valuation for McCarthy Finney of $250 million. Detailed financial disclosures will be filed with the Securities and Exchange Commission (SEC) in a Form S-4 registration statement, which investors and stockholders are urged to read carefully. The latest news and updates relating to $AUUD are available in the company’s newsroom.

This announcement, distributed via the trusted press release distribution service PRISM MediaWire, marks a significant pivot for Auddia from a pure-play audio technology company to a diversified holding company at the intersection of AI and web3 technologies. Jeff Thramann, who will remain as CEO of McCarthy Finney, emphasized the opportunity to harness these technologies to build value across multiple verticals. The combined company's leadership will also retain CFO John Mahoney and is expected to maintain Auddia's current board members. This strategic shift underscores the growing convergence of artificial intelligence with various industries, from healthcare and travel to data infrastructure, positioning McCarthy Finney as a multifaceted player in the evolving tech landscape. For more information, visit www.auddia.com.