Auddia Inc. Files 8-K on Material Agreement & Equity Sales

TL;DR

AUUD filed an 8-K for a material agreement and equity sales. Keep an eye on this.

AI Summary

On November 25, 2024, Auddia Inc. filed an 8-K report detailing a material definitive agreement and unregistered sales of equity securities. The filing also includes financial statements and exhibits, indicating ongoing business activities and potential equity transactions.

Why It Matters

This filing signals significant corporate actions by Auddia Inc., potentially impacting its financial structure and investor relations through new agreements and equity issuances.

Risk Assessment

Risk Level: medium — Filings related to material definitive agreements and unregistered equity sales can indicate significant corporate changes or financial maneuvers that may carry inherent risks.

Key Players & Entities

• AUDDIA INC. (company) — Registrant
• November 25, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 001-40071 (commission_file_number) — SEC File Number
• 45-4257218 (irs_number) — IRS Employer Identification No.

FAQ

Key Financial Figures

• $1.3 million — ved aggregate proceeds of approximately $1.3 million. This first equity line agreement was t
• $10,000,000 — res December 31, 2024, and is for up to $10,000,000 in aggregate gross purchase price of ne
• $8.2 million — ved aggregate proceeds of approximately $8.2 million. The Company is entering into a new th
• $0.001 — f the Company's common stock, par value $0.001 per share (the "Common Stock"), subject
• $1,000,000 — common stock traded on Nasdaq and (ii) $1,000,000 divided by the highest closing price of

Filing Documents

• auddia_8k.htm (8-K) — 43KB
• auddia_ex1001.htm (EX-10.1) — 218KB
• auddia_ex1002.htm (EX-10.2) — 160KB
• 0001683168-24-008391.txt ( ) — 716KB
• auud-20241125.xsd (EX-101.SCH) — 3KB
• auud-20241125_def.xml (EX-101.DEF) — 29KB
• auud-20241125_lab.xml (EX-101.LAB) — 36KB
• auud-20241125_pre.xml (EX-101.PRE) — 26KB
• auddia_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 25, 2023, Auddia Inc. (the "Company") entered into a common stock purchase agreement (the "Common Stock Purchase Agreement") and a related registration rights agreement (the "White Lion RRA") with White Lion Capital, LLC, a Nevada limited liability company ("White Lion"). Pursuant to the Common Stock Purchase Agreement, the Company has the right, but not the obligation to require White Lion to purchase, from time to time, up to $10,000,000 in aggregate gross purchase price of newly issued shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement. The Company is obligated under the Common Stock Purchase Agreement and the White Lion RRA to file a registration statement with the SEC to register the Common Stock under the Securities Act of 1933, as amended (the "Securities Act"), for the resale by White Lion of shares of Common Stock that the Company may issue to White Lion under the Common Stock Purchase Agreement. without limitation, the effectiveness of a registration statement registering the shares issuable pursuant to the Common Stock Purchase Agreement, the Company's right to sell shares to White Lion will commence on the effective date of such registration statement and extend until December 31, 2025, unless the Company has exercised its right in full to sell shares to White Lion under the Common Stock Purchase Agreement prior to such date (the period beginning on the effective date and ending on the earlier of such dates, the "Commitment Period"). During such term, subject to the terms and conditions of the Common Stock Purchase Agreement, the Company shall notify (such notice, a "Purchase Notice") White Lion when the Company exercises its right to sell shares (the effective date of such notice, a "N

02

Item 3.02. Unregistered Sales of Equity Securities The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this Form 8-K: Exhibit Number Description 10.1 Common Stock Purchase Agreement, dated as of November 25, 2024, by and between White Lion Capital, LLC and Auddia Inc. 10.2 Registration Rights Agreement, dated as of November 25, 2024, by and between White Lion Capital, LLC and Auddia Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4

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. November 25, 2024 By: /s/ John Mahoney Name: John Mahoney Title: Chief Financial Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR