Auddia to Merge With Thramann, Rebrand as MCFN

RADIO ONLINE | Wednesday, February 18, 2026 | 1:37pm CT

Auddia

Auddia Inc. has signed a definitive merger agreement with Thramann Holdings, LLC, advancing a previously announced letter of intent from August 2025 and setting the stage for a rebranding and corporate restructuring in the second quarter of 2026.

Under the agreement, Auddia will merge with privately held Thramann Holdings and reorganize into a holding company to be named McCarthy Finney. The combined company is expected to trade on Nasdaq under the ticker symbol MCFN. Upon closing, Auddia will become a wholly owned subsidiary of McCarthy Finney, alongside Thramann Holdings' portfolio companies LT350, Influence Healthcare and Voyex.

Thramann Holdings is controlled by Jeff Thramann, founder, Chairman and CEO of Auddia. Thramann has founded multiple companies across healthcare, media and technology sectors and is named on more than 130 U.S. and international patents. He has previously taken Auddia and Aclarion public and completed several strategic sales to both public companies and private equity firms.

Following the transaction, Auddia shareholders are expected to own approximately 20% of McCarthy Finney, with Thramann expected to own about 80% of the combined company at closing. Thramann will continue as Chief Executive Officer, and John Mahoney will remain Chief Financial Officer. Current Auddia board members are expected to serve on the board of the combined entity.

The merger is conditioned on Auddia having at least $12 million in cash at closing to fund operations and support future milestones. The company said management's discounted cash flow analysis of McCarthy Finney's 10-year pro forma projects a base case valuation of approximately $250 million.

The boards of directors of both companies unanimously approved the transaction. Closing is subject to customary conditions, including approval by Auddia stockholders, the effectiveness of a Form S-4 registration statement to be filed with the Securities and Exchange Commission, and the continued listing of the combined company's common stock on Nasdaq.