Auddia Inc. Files S-1 Registration Statement

TL;DR

<b>Auddia Inc. has filed an S-1 registration statement with the SEC on April 11, 2024, signaling a potential public offering.</b>

AI Summary

AUDDIA INC. (AUUD) filed a IPO Registration (S-1) with the SEC on April 11, 2024. Auddia Inc. has filed an S-1 registration statement with the SEC. The filing is dated April 11, 2024. The company's principal executive offices are located in Boulder, Colorado. Michael Lawless is listed as the Chief Executive Officer. The filing indicates the company was formerly known as Clip Interactive, LLC.

Why It Matters

For investors and stakeholders tracking AUDDIA INC., this filing contains several important signals. This S-1 filing is a prerequisite for Auddia Inc. to conduct an initial public offering (IPO) or other public sale of its securities, providing investors with detailed information about the company's business, financials, and risks. The filing includes information on the company's structure, management, and legal representation, which are crucial for potential investors to assess the company's readiness for public markets.

Risk Assessment

Risk Level: low — AUDDIA INC. shows low risk based on this filing. The risk level is low as this is a standard S-1 filing, which is a preliminary step for a potential public offering and does not contain specific financial performance data or forward-looking statements that would indicate immediate high risk.

Analyst Insight

Monitor future filings for the prospectus and details regarding the proposed offering, including the number of shares and pricing, to assess investment potential.

Key Numbers

• 333-278616 — SEC File Number (SEC File Number for the registration statement)
• 2024-04-11 — Filing Date (Date the S-1 registration statement was filed)
• 2012-07-24 — Name Change Date (Date of former company name change)
• 454257218 — IRS Number (IRS Employer Identification Number)

Key Players & Entities

• Auddia Inc. (company) — Exact name of registrant
• Michael Lawless (person) — Chief Executive Officer
• Clip Interactive, LLC (company) — Former company name
• Goodwin Procter LLP (company) — Legal counsel
• Carroll Legal LLC (company) — Legal counsel
• Rachael M. Bushey (person) — Legal counsel
• Jennifer L. Porter (person) — Legal counsel
• James H. Carroll (person) — Legal counsel

FAQ

Key Dates

• 2024-04-11: S-1 Filing — Registration statement filed with the SEC, indicating intent for public offering.
• 2012-07-24: Name Change — Former company name 'Clip Interactive, LLC' officially changed.

Glossary

S-1

A registration statement filed with the U.S. Securities and Exchange Commission (SEC) by companies intending to make a public offering of securities. (This filing is a mandatory step for Auddia Inc. before it can offer its securities to the public.)

Registration Statement

A document required by the SEC for companies that plan to issue new securities to the public. (Provides comprehensive information about the company and the securities being offered, crucial for investor due diligence.)

Key Financial Figures

• $0.001 — 0 shares of our common stock, par value $0.001 per share. The shares of common stock
• $5.9 million — wever, we may receive proceeds of up to $5.9 million from the sale of our common stock to th
• $4,136,508 — the Purchase Agreement for proceeds of $4,136,508 and have an effective registration stat
• $2.60 — orted on the Nasdaq Capital Market, was $2.60 per share. Our warrants offered in conn
• $0.11 — daq Capital Market on April 9, 2024 was $0.11 per Series A Warrant. We have received
• $1.00 — nimum bid price requirement of at least $1.00 per share (the "Bid Price Requirement")
• $2,500,000 — d (ii) the requirement to have at least $2,500,000 in stockholders' equity. On October 24,

Filing Documents

• auddia_s1-eloc.htm (S-1) — 353KB
• auddia_ex0501.htm (EX-5.1) — 11KB
• auddia_ex2301.htm (EX-23.1) — 3KB
• auddia_ex2302.htm (EX-23.2) — 2KB
• auddia_ex107.htm (EX-FILING FEES) — 21KB
• 0001683168-24-002293.txt (&nbsp;) — 665KB
• auud-20231231.xsd (EX-101.SCH) — 3KB
• auud-20231231_def.xml (EX-101.DEF) — 26KB
• auud-20231231_lab.xml (EX-101.LAB) — 36KB
• auud-20231231_pre.xml (EX-101.PRE) — 24KB
• auddia_s1-eloc_htm.xml (XML) — 4KB

Risk Factors

Risk Factors 10 The White Lion Transaction 13 Market and Industry Data 14

Use of Proceeds

Use of Proceeds 15 Dividend Policy 15 Market for Registrants Common Equity, Related Stockholder Matters 16

Description of Capital Stock

Description of Capital Stock 17 Selling Securityholder 23 Plan of Distribution 24 Legal Matters 26 Experts 26 Where You Can Find More Information 26 Incorporation of Certain Information by Reference 27 i ABOUT THIS PROSPECTUS The registration statement we filed with the Securities and Exchange Commission (the "SEC") includes exhibits that provide more detail of the matters discussed in this prospectus. You should read this prospectus, the related exhibits filed with the SEC, and the documents incorporated by reference herein before making your investment decision. You should rely only on the information provided in this prospectus and the documents incorporated by reference herein or any amendment thereto. You should not assume that the information contained in this prospectus or any related free writing prospectus is accurate on any date subsequent to the date set forth on the front of the document or that any information we have incorporated by reference herein is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus or any related free writing prospectus is delivered, or securities are sold, on a later date. This prospectus contains or incorporates by reference summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual documents for complete information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have been filed or have been incorporated by reference as exhibits to the registration statement of which this prospectus forms a part, and you may obtain copies of those documents as described in this prospectus under the heading " Where You Can Find More Information ." You should rely only on the information that we have included or incorporated by reference in this prospectus and any related free writing prospectus that we may authorize t

View Full Filing

View this S-1 filing on SEC EDGAR