Auddia Pursues Merger with Thramann Holdings

RADIO ONLINE | Tuesday, August 5, 2025 | 1:05pm CT

Auddia

Auddia Inc., known for its AI-powered faidr app that provides ad-free AM/FM listening and podcast features, has announced that it has entered into a non-binding letter of intent (LOI) to pursue a business combination with Thramann Holdings LLC. The proposed merger would transform Auddia into a public holding company focused on delivering AI and Web3 efficiencies to a portfolio of tech-driven companies.

Under the terms outlined in the LOI, Thramann Holdings' equity holders would receive 80% ownership of the combined entity, while existing Auddia shareholders would retain 20%. The merged company would trade under a new name and ticker symbol, with Auddia and Holdings' businesses becoming subsidiaries.

Thramann Holdings, founded by Auddia CEO Jeff Thramann, currently controls three early-stage AI-native companies: LT350, Influence Healthcare, and Voyex. LT350 specializes in distributed AI data centers with patented solar canopy infrastructure; Influence Healthcare is developing AI- and blockchain-driven value-based care models; and Voyex is building AI tools to address airline delay and cancellation issues.

Following the transaction, Thramann would serve as CEO of the new public holding company, while Auddia CFO John Mahoney would remain in his role overseeing finances across all subsidiaries. Auddia's board of directors would initially continue to serve on the holding company's board, with plans to appoint a new CEO for the Auddia business unit.

Given Thramann's involvement in both companies, the proposed merger is classified as a related party transaction. To manage potential conflicts of interest, Auddia's board formed a Special Committee of Independent Directors in July 2025. The committee-advised by independent legal counsel-recommended moving forward with the LOI. Thramann recused himself from all committee deliberations and board votes related to the merger.

The companies have entered a 30-day exclusivity period to finalize terms. The agreement will require board and shareholder approvals, regulatory clearance, and a capital raise of at least $10 million to support ongoing operations.

There is no assurance that the transaction will proceed to a definitive agreement or be completed.