Auddia Inc. (NASDAQ: AUUD) announced today that it has successfully completed a $12 million financing, positioning the company to accelerate the closing of its transformational merger with Thramann Holdings, LLC. The merger will form McCarthy Finney (NASDAQ: MCFN), an AI-native holding company with an internal discounted cash flow (DCF) valuation of $250 million based on internal projections.
The financing serves as a key catalyst to complete the remaining merger steps, including filing the S-4 registration statement and scheduling the shareholder vote to approve the merger. With this milestone achieved, the company expects to move rapidly toward closing and transitioning to McCarthy Finney.
A central component of the merger is LT350, a distributed AI datacenter subsidiary that represents approximately 50% of the $250 million DCF valuation of the post-merger entity. LT350 deploys GPU-dense inference infrastructure in the unused airspace above existing parking lots, enabling rapid, scalable, and power-sovereign AI compute capacity without the land, water, and permitting constraints of traditional datacenters.
Jeff Thramann, CEO of Auddia and Founder of the Thramann Holdings entities, stated: “Auddia entered the recent financing as a company valued by the market at roughly $2 million. The merger introduces a multi-subsidiary AI platform supported by an internal $250 million discounted cash flow valuation framework. Completing this financing allows us to accelerate the closing process and gives the market an opportunity to value the combined company on the basis of the new assets coming into McCarthy Finney.”
LT350’s architecture — modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling — positions the company at the center of the distributed datacenter movement, where AI infrastructure demand is outpacing the ability to build traditional datacenters. The company noted that LT350’s positioning within this market was a key driver of the significant trading volume following its recent patent announcement.
Upon closing of the merger, the combined company operating as McCarthy Finney (MCFN) will be comprised of four AI-driven subsidiaries: LT350 — Distributed AI datacenters; Influence Healthcare — AI driven value-based care; Voyex — Agentic AI travel rebooking; and Auddia — AI driven music discovery.
“The market has already shown strong interest in LT350’s role in the future of AI infrastructure. This financing allows us to accelerate the merger and move into execution mode,” Thramann added.
LT350’s whitepaper, Distributed, Power-Sovereign AI Infrastructure for the Inference Economy, is available on its website.
For business leaders, this merger underscores the growing trend of distributed AI infrastructure as a solution to the constraints of traditional datacenters. LT350’s ability to repurpose parking lot airspace for AI compute could significantly reduce deployment times and costs, offering a scalable alternative for enterprises needing low-latency inference capacity. The formation of McCarthy Finney as a multi-subsidiary AI holding company also highlights the increasing convergence of AI across sectors, from healthcare to travel.
The financing and merger completion are subject to regulatory approvals and shareholder votes. More information is available in Auddia’s filings with the SEC.
