Auddia (AUUD) stock jumps about 50% premarket on McCarthy Finney merger plan
Auddia Inc shares surged nearly 50% in premarket trading after announcing a definitive merger deal with Thramann Holdings. The combined company will be renamed McCarthy Finney and trade as MCFN on Nasdaq, pending shareholder and SEC approval and at least $12 million in net cash at closing. Thramann holders are set to receive about 80% of the new entity and $3.5 million in unsecured notes.