Provides Bridge Financing
AUDDIA, developer of a proprietary AI platform for audio and applied sciences for podcasts, has secured bridge financing from traders. In gentle of the interim financing, AUDDIA has withdrawn its pending S-1 registration assertion for a proposed secondary inventory providing. AUDDIA has additionally famous potential acquisition targets for the close to time period.
AUDDIA Chief Advertising and marketing Officer THEO ROMEO commented, “Over the previous 18 months, we’ve got been in discussions with a number of AM/FM streaming aggregators, together with a number of main media funding banks, to vet the deserves of an acquisition technique in our area. As we proceed to enhance consumer metrics on the faidr app, cheaply buying customers is essential to important income technology.”
