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Investing.com -- Auddia Inc. (NASDAQ:AUUD) stock surged 46% Tuesday morning following the announcement of a non-binding letter of intent for a business combination with Thramann Holdings, LLC and a corporate restructuring plan.
The Boulder, Colorado-based company plans to transform into a holding company focused on delivering artificial intelligence and web3 efficiencies to portfolio companies. The proposed transaction would result in Thramann Holdings’ equity holders receiving an 80% ownership interest in the combined entity, while Auddia shareholders would retain a 20% stake.
Thramann Holdings is a privately held company that controls three early-stage AI-native businesses: LT350, Influence Healthcare, and Voyex. These companies were founded by Jeff Thramann, who currently serves as Auddia’s founder, Chairman, and CEO.
"As an innovator, I have spent the past 15 years securing patents in the AI infrastructure space, immersing myself in both the development and use of AI models, and developing blockchain and digital currency strategies aimed at empowering the value drivers of industries to reinvent their markets," said Thramann.
The deal represents a related party transaction, as Thramann is both Auddia’s CEO and the majority shareholder of Thramann Holdings. To address potential conflicts, Auddia’s board formed a Special Committee of Independent (LON:IOG) Directors in July 2025, and Thramann was recused from deliberations and voting on the matter.
The parties have agreed to a 30-day exclusivity period to negotiate a definitive agreement. The transaction is contingent upon several conditions, including board and stockholder approvals, regulatory clearances, and Auddia raising at least $10 million in additional capital.
Following the completion of the business combination, the company would trade under a new name and ticker symbol, with Auddia’s current board initially remaining in place. The board expects to appoint a new CEO for the Auddia business, while Thramann would continue as CEO of the public holding company.
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