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 a discounted cash flow (DCF) valuation of $250 million based on internal projections. According to the company, 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. With this milestone achieved, Auddia 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 significant trading volume following its recent patent announcement. For more information about LT350, visit www.LT350.com, and its whitepaper, “Distributed, Power-Sovereign AI Infrastructure for the Inference Economy,” is available here.
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). Thramann Holdings fully owns LT350, Influence Healthcare, and Voyex, three early-stage AI native operating companies. Influence Healthcare is a healthtech company leveraging AI, blockchain, and vertical integration to empower surgeons to drive adoption of value-based care to surgical specialties. Voyex is a travel services platform that leverages agentic AI, an integrated fintech platform, and utilization of charter and private jet aircraft to improve the travel experience. Auddia, through its proprietary AI platform for audio, offers services including ad-free listening on AM/FM music stations and integrated artist discovery experiences via its faidr app. More information about Auddia is available at www.auddia.com.
The $12 million financing allows the company to move toward execution mode, with Thramann noting that “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.” The merger is expected to close pending regulatory and shareholder approvals, with the combined company trading under the ticker MCFN.
