Auddia Inc. (NASDAQ: AUUD) has approved a definitive merger agreement for a business combination with Thramann Holdings, LLC, a privately held holding company. The transaction, expected to close in the second quarter of 2026, will restructure Auddia into a holding company named McCarthy Finney, which will trade under the ticker symbol MCFN. Auddia shareholders are projected to own approximately 20% of the combined company at closing, with founder Jeff Thramann owning the remaining 80%.
The merger positions McCarthy Finney at the intersection of AI and web3 technologies, according to Thramann, who will remain as CEO. Thramann, a serial entrepreneur named on over 130 patents, stated that his work in AI infrastructure, blockchain, and digital currency strategies aims to empower industries to reinvent their markets. The company estimates a base case discounted cash flow valuation of $250 million for McCarthy Finney based on a forward-looking 10-year pro forma analysis. Financial disclosures will be included in materials filed with the Securities and Exchange Commission, including a registration statement on Form S-4.
McCarthy Finney will fully own Auddia as a subsidiary alongside three early-stage AI-native companies from Thramann Holdings: LT350, Influence Healthcare, and Voyex. LT350 is a distributed AI data center company with patents on a solar parking lot canopy infrastructure that integrates battery storage and GPU cartridges, aiming to create a network of cost-effective, rapidly deployed edge data centers. Influence Healthcare leverages AI and blockchain to build value-based care systems for surgical specialties, seeking to minimize administrative waste and enhance provider autonomy. Voyex is a travel services platform using agentic AI and an integrated fintech platform to address flight delays and cancellations.
Auddia's existing AI platform for audio, including its faidr app and Discovr Radio service, will continue under the new structure. The transaction requires Auddia to have at least $12 million cash at closing to fund McCarthy Finney to key business milestones. The merger has been unanimously approved by both companies' boards and is subject to customary conditions, including stockholder approval and Nasdaq listing. Houlihan Capital provided a fairness opinion to Auddia's special committee. Investors can find more information in Auddia's filings, available through the SEC website or Auddia's investor relations site.
