Auddia Seeks New Funding with $150M Shelf Registration

RADIO ONLINE | Friday, June 20, 2025 | 3:54pm CT

Auddia Inc.

Auddia Inc. has filed a shelf registration statement with the Securities and Exchange Commission (SEC), indicating its intention to raise up to $150 million through the potential sale of a variety of securities, including common stock, preferred stock, warrants, subscription rights, debt securities, or units.

The AI-driven audio technology company, known for its faidr app, stated in the filing that the proceeds will be used as detailed in future prospectus supplements accompanying each offering. The company emphasized that investments involve a "significant degree of risk," with its financial disclosures noting recurring losses and a going concern warning from auditors.

Auddia's faidr platform allows users to listen to AM/FM radio without commercial breaks, replacing ads with similar genre music in real time. It also features podcast playback with skippable ads and original content. Auddia positions the app as a hybrid experience that combines traditional radio's local flavor with personalized, on-demand digital features.

The filing reveals that the company is testing new pricing strategies in 2025 to boost subscriptions, following its addition of exclusive faidrRadio content and podcasts to the platform last year. Despite product enhancements, Auddia faces financial uncertainty. As of June 20, 2025, the company had raised approximately $800,000 year-to-date but acknowledged it will require further funding to scale.

The shelf registration allows Auddia flexibility to offer securities from time to time, subject to market conditions and company needs. Its common stock trades on the Nasdaq Capital Market under the symbol "AUUD," closing at $4.81 on June 18. The filing also notes 1,727 shares of Series B Convertible Preferred Stock remain outstanding after recent conversions.

Auddia's independent accounting firm flagged "substantial doubt" about the company's ability to continue operating without new financing. The filing highlights Auddia's status as both an emerging growth company and a smaller reporting company, which allows it to take advantage of reduced SEC reporting obligations.

The timing, size, and terms of any specific offerings will be disclosed in future prospectus supplements.