ORIONS Money Stocks

[Mark]

Where do you get 10m from? The just closed their IPO with 3.99M shares Outstanding...

BOULDER, CO / ACCESSWIRE / February 19, 2021 / Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) ("Auddia" or the "Company), a technology company and developer of consumer apps and content platforms that change how audio media is consumed, interacted with and monetized, announced today the closing of its previously announced upsized initial public offering of 3,991,818 units, with each unit consisting of one share of common stock and one Series A warrant to purchase one share of common stock, at a combined price of $4.125 per unit. The units were immediately and automatically separated upon issuance and the shares of common stock and Series A warrants have commenced trading on the Nasdaq Capital Market under the symbols "AUUD" and "AUUDW," respectively. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, were approximately $16.5 million . The warrants are exercisable immediately at an exercise price of $4.5375 per share and expire five years from the date of issuance.