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. This 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.
Upon closing, the combined company will operate as McCarthy Finney, comprising four AI-driven subsidiaries: LT350, Influence Healthcare, Voyex, and Auddia. A central component of the merger is LT350, a distributed AI datacenter subsidiary that represents approximately 50% of the $250 million DCF valuation. 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. For information about LT350, visit www.LT350.com. LT350’s whitepaper, "Distributed, Power-Sovereign AI Infrastructure for the Inference Economy," is available here.
Thramann Holdings is a single member Colorado LLC owned and managed by Jeff Thramann, formed to facilitate the merger with Auddia. It fully owns LT350, Influence Healthcare, and Voyex, three early stage AI native operating companies. Influence Healthcare is a healthtech company leveraging AI and blockchain to empower surgeons in value-based care, while Voyex is a travel services platform using agentic AI and fintech to address flight delays and cancellations.
Auddia, through its proprietary AI platform for audio, reinvents how consumers engage with AM/FM radio, podcasts, and other audio content. Its flagship audio superapp, faidr, delivers ad-free listening, content skipping, and integrated artist discovery. For more information, visit www.auddia.com.
The Company expects to move rapidly toward closing and transitioning to McCarthy Finney, with the market already showing strong interest in LT350’s role in the future of AI infrastructure. Thramann added: "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."
