Auddia Inc. (NASDAQ: AUUD) announced that its publicly traded warrants (NASDAQ: AUUDW) expired in accordance with their original terms at 5:00 p.m. Eastern Time on February 19, 2026. Trading in the warrants ceased at the close of market on February 18, 2026, after which the warrants were removed from listing on Nasdaq. Any warrants that remained unexercised at expiration were voided and are of no further value. This expiration occurs automatically under the warrant agreement, does not require any action from warrant holders, and has no impact on the Company's common stock, which will continue to trade on Nasdaq under the symbol AUUD.
The expiration of these financial instruments represents a standard milestone in the corporate lifecycle for companies that have issued warrants. For investors, it clarifies the capital structure by removing a potential source of future dilution, as unexercised warrants can no longer be converted into common shares. This event provides certainty regarding the total number of outstanding shares, which can be a factor for analysts and institutional investors evaluating the company's valuation and earnings per share metrics.
This development occurs as Auddia is executing on a transformational business combination that, upon closing, will result in the formation of McCarthy Finney, Inc., a holding company delivering AI and web3 shared services to its subsidiaries. Upon closing of the merger transaction, McCarthy Finney will trade under the ticker MCFN. For more information about the merger, please visit Auddia Announces Signing of Definitive Merger Agreement for Business Combination | Auddia | Investor Relations.
The pending merger signals a strategic pivot for the entity currently known as Auddia. The new holding company structure, McCarthy Finney, Inc., indicates a broader operational focus beyond Auddia's current audio-centric business. The emphasis on AI and web3 shared services suggests an intention to leverage technological infrastructure across multiple subsidiaries, potentially creating synergies and a more diversified corporate portfolio. This shift could attract a different investor base interested in the holding company model and exposure to emerging technology sectors like web3.
Auddia's current operations involve a proprietary AI platform for audio, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. Its Discovr Radio is described as the first music-promotion platform to deliver artists guaranteed exposure to radio listeners. The company's flagship audio superapp, faidr, is free to listeners and delivers features like AI-enabled ad-free listening on any AM/FM music station, content skipping, one-touch skipping of podcast ad breaks, and integrated artist discovery. For more information, visit www.auddia.com.
The warrant expiration and the impending merger collectively represent a period of significant corporate transition. For the market, the expiration removes a layer of complexity from Auddia's equity story as it prepares for its next chapter. The formation of McCarthy Finney, Inc. could have implications for the competitive landscape in AI and web3 service provision, depending on the scale and scope of the subsidiaries it aims to support. Investors and industry observers will likely monitor the merger's closure and the subsequent performance of the new entity, MCFN, to assess the success of this strategic transformation.
