Auddia to Merge with Thramann Holdings, Forming AI-Focused McCarthy Finney with $250 Million Valuation

Auddia Inc. (NASDAQ: AUUD) has approved a definitive merger agreement for a business combination with Thramann Holdings, LLC, following a letter of intent announced in August 2025. The transaction will restructure Auddia into a holding company named McCarthy Finney, which will trade under the ticker symbol MCFN. This merger represents a significant strategic shift for Auddia, moving from its current focus on audio technology to becoming a diversified holding company centered on artificial intelligence and web3 technologies.

Upon closing, Auddia shareholders are expected to own approximately 20% of McCarthy Finney, with founder Jeff Thramann owning the remaining 80%. The company estimates a base case discounted cash flow valuation of $250 million for McCarthy Finney based on forward-looking 10-year projections. The transaction requires Auddia to maintain at least $12 million in cash at closing to fund operations toward key business milestones. Jeff Thramann, a serial entrepreneur named on over 130 patents who has taken multiple companies public, will remain as CEO of the combined entity, while John Mahoney will continue as CFO.

McCarthy Finney will fully own Auddia as a subsidiary along with three AI-native companies currently controlled by Thramann Holdings: LT350, Influence Healthcare, and Voyex. LT350 operates as a distributed AI data center company with proprietary solar parking lot canopy infrastructure that integrates modular battery storage and GPU cartridges. Influence Healthcare leverages AI and blockchain to empower surgeons in value-based care models, while Voyex utilizes agentic AI and fintech integration to improve travel experiences through charter and private jet services.

The merger has been unanimously approved by both companies' boards and is expected to close in the second quarter of 2026, subject to customary conditions including stockholder approval and SEC registration. Houlihan Capital provided a fairness opinion to Auddia's special committee regarding the transaction. Detailed financial disclosures will be included in materials filed with the Securities and Exchange Commission, including a registration statement on Form S-4. Investors can access these documents through the SEC website at https://www.sec.gov when available.

This transaction positions McCarthy Finney at the intersection of AI infrastructure and emerging technologies, with Thramann noting the opportunity to "harness these technologies to build significant value across numerous verticals." The combined company aims to leverage underutilized parking lot space for distributed AI data centers, transform healthcare delivery through technology-enabled value-based care, and revolutionize travel services through AI integration. The merger represents a fundamental transformation of Auddia's business model and strategic direction, shifting from consumer audio applications to infrastructure-level AI solutions across multiple industries.