Auddia Inc. Faces Nasdaq Delisting Warning

TL;DR

AUUD got a Nasdaq delisting warning, might be in trouble.

AI Summary

Auddia Inc. (AUUD) received a notice on October 16, 2024, indicating it failed to meet the continued listing requirements for The Nasdaq Stock Market. The company is currently evaluating its options to regain compliance.

Why It Matters

This notice suggests potential liquidity issues or financial distress for Auddia Inc., which could negatively impact its stock price and investor confidence.

Risk Assessment

Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq indicates significant financial or operational challenges that could lead to the company's stock being removed from trading.

Key Players & Entities

• Auddia Inc. (company) — Registrant
• Nasdaq Stock Market (company) — Exchange where listing requirements were not met
• October 16, 2024 (date) — Date of the notice
• October 18, 2024 (date) — Filing date of the 8-K

FAQ

Key Financial Figures

• $1.00 M — e Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth i
• $1.00 — ties to maintain a minimum bid price of $1.00 per share and, based upon the closing b

Filing Documents

• auddia_8k.htm (8-K) — 30KB
• 0001683168-24-007225.txt ( ) — 243KB
• auud-20241016.xsd (EX-101.SCH) — 3KB
• auud-20241016_def.xml (EX-101.DEF) — 26KB
• auud-20241016_lab.xml (EX-101.LAB) — 36KB
• auud-20241016_pre.xml (EX-101.PRE) — 25KB
• auddia_8k_htm.xml (XML) — 5KB

01 Notice of Delisting or Failure to

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On October 16, 2024, Auddia Inc. (the "Company") received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the "Bid Price Requirement"). The Notice does not result in the immediate delisting of the Company's common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price of the Company's common stock for the 30 consecutive business days for the period September 4 through October 15, 2024, the Company no longer meets this requirement. The Notice indicated that the Company will be provided 180 calendar days (or until April 14, 2025) in which to regain compliance. If at any time during this 180 calendar day period the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of ten consecutive business days, the Nasdaq staff (the "Staff") will provide the Company with a written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with Rule 5550(a)(2) prior to the expiration of the initial 180 calendar day period, the Company may be eligible for an additional 180 calendar day compliance period, provided (i) it meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market (except for the Bid Price Requirement) and (ii) it provides written notice to Nasdaq of its intention to cure this deficiency during the second compliance period by effecting a reverse stock split, if necessary. In the event t

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AUDDIA INC. October 18, 2024 By: /s/ John Mahoney Name: John Mahoney Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR