Auddia Inc. (NASDAQ: AUUD) announced today the successful completion of 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 is a critical catalyst to finalize remaining merger steps, including filing the S-4 registration statement and scheduling a shareholder vote.
A central component of the merger is LT350, a distributed AI datacenter subsidiary that accounts for approximately 50% of the $250 million valuation. LT350’s proprietary technology transforms the airspace above existing parking lots into distributed AI datacenters, deploying GPU-dense inference infrastructure without the land, water, and permitting constraints of traditional datacenters. The modular architecture includes solar canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positioning LT350 at the forefront of the distributed datacenter movement.
“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,” said Jeff Thramann, CEO of Auddia and Founder of the Thramann Holdings entities. “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.”
Upon closing, McCarthy Finney will comprise 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). The market has already shown strong interest in LT350, as evidenced by significant trading volume following its recent patent announcement.
LT350’s whitepaper, “Distributed, Power-Sovereign AI Infrastructure for the Inference Economy,” is available at www.LT350.com. The company holds 13 issued, 1 allowed, and 3 pending patents on its solar parking lot canopy infrastructure platform, integrating modular battery storage and GPU cartridges to turn any parking lot into an AI data center. This approach aims to build the most secure, lowest latency, cost-effective, and rapidly deployed network of distributed AI data centers at the edge.
The financing milestone is expected to move the merger rapidly toward closing, with the combined company trading under the ticker MCFN. Investors and stockholders are urged to read the Form S-4 and proxy statement when filed with the SEC, as they will contain important information about the transaction. Copies will be available free of charge on the SEC’s website at www.sec.gov and on Auddia’s website at www.auddia.com.
