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Investing.com -- Auddia Inc. (NASDAQ:AUUD) stock jumped 11.7% on Thursday after the company announced plans to restructure as a holding company focused on AI and web3 capabilities, along with a pivot to a B2B business model.
The Boulder, Colorado-based technology company, which has built an AI platform for audio identification and classification, revealed it has updated its corporate overview on its website to reflect these strategic changes. The update follows Auddia’s recent announcement of signing a non-binding letter of intent for a proposed business combination that would transform it into a holding company delivering AI and blockchain capabilities to portfolio companies.
As part of this restructuring, Auddia has secured the URL www.mccarthyfinney.com and reserved the NASDAQ ticker MCFN. The new name honors John McCarthy, widely considered the father of artificial intelligence, and Hal Finney, who was instrumental in creating digital currency and participated in the first Bitcoin transaction with Satoshi Nakamoto.
The company also confirmed its previously announced shift from a subscription-based direct-to-consumer model to a B2B business model focused on AI-driven music discovery. This strategic pivot appears to be resonating with investors, as reflected in Thursday’s stock movement.
Auddia has scheduled a webcast at the LD Micro Conference for Tuesday, October 21, 2025, at 2:00 PM PT, where it will likely provide more details about these strategic initiatives.
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