Auddia Secures $12M Financing to Accelerate Merger, Forming $250M AI Holding Company

Auddia Inc. (NASDAQ: AUUD) announced that its successful completion of a $12 million financing positions the company to accelerate the closing of its transformational merger with Thramann Holdings, LLC. The merger will form McCarthy Finney (NASDAQ: MCFN), an AI-native holding company with an internal discounted cash flow (DCF) valuation of $250 million. The financing serves as a key catalyst to complete remaining merger steps, including filing the S-4 registration statement and scheduling the shareholder vote.

A central component of the merger is LT350, a distributed AI datacenter subsidiary that represents approximately 50% of the $250 million DCF valuation. LT350 deploys GPU-dense inference infrastructure in the unused airspace above existing parking lots, enabling rapid, scalable, and power-sovereign AI compute capacity without the land, water, and permitting constraints of traditional datacenters. According to Jeff Thramann, CEO of Auddia and Founder of Thramann Holdings, 'Auddia entered the recent financing as a company valued by the market at roughly $2 million. The merger introduces a multi-subsidiary AI platform supported by an internal $250 million discounted cash flow valuation framework. Completing this financing allows us to accelerate the closing process and gives the market an opportunity to value the combined company on the basis of the new assets coming into McCarthy Finney.'

LT350's architecture includes modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positioning the company at the center of the distributed datacenter movement. The Company noted that LT350's positioning drove significant trading volume following its recent patent announcement. More information about LT350 is available at www.LT350.com, and its whitepaper, 'Distributed, Power-Sovereign AI Infrastructure for the Inference Economy,' is available here.

Upon closing, the combined company operating as McCarthy Finney will comprise four AI-driven subsidiaries: LT350 (distributed AI datacenters), Influence Healthcare (AI-driven value-based care), Voyex (agentic AI travel rebooking), and Auddia (AI-driven music discovery). Thramann stated, 'The market has already shown strong interest in LT350's role in the future of AI infrastructure. This financing allows us to accelerate the merger and move into execution mode.'