Auddia Inc. (NASDAQ:AUUD) shares surged 46% Tuesday morning following news of a non-binding letter of intent for a business combination with Thramann Holdings, LLC, along with a corporate restructuring plan.
The Boulder, Colorado-based company intends to transform into a holding company focused on delivering artificial intelligence and web3 efficiencies to its portfolio businesses. Under the proposed deal, Thramann Holdings’ equity holders would own 80% of the combined entity, while Auddia shareholders would retain 20%.
Thramann Holdings is a privately held company overseeing three early-stage AI-native businesses: LT350, Influence Healthcare, and Voyex. These firms were founded by Jeff Thramann, who currently serves as Auddia’s founder, Chairman, and CEO.
“As an innovator, I have spent the past 15 years securing patents in the AI infrastructure space, immersing myself in both the development and use of AI models, and developing blockchain and digital currency strategies aimed at empowering the value drivers of industries to reinvent their markets,” said Thramann.
Because the deal is a related-party transaction—given that Thramann is both Auddia’s CEO and majority shareholder of Thramann Holdings—Auddia’s board established a Special Committee of Independent Directors in July 2025. Thramann was recused from discussions and voting on the transaction.
The parties agreed to a 30-day exclusivity period to negotiate a definitive agreement. The deal remains subject to conditions including board and shareholder approvals, regulatory clearances, and Auddia raising at least $10 million in additional capital.
Upon completion, the combined company would trade under a new name and ticker symbol. Auddia’s current board is expected to remain initially, with plans to appoint a new CEO for the Auddia business. Thramann would continue as CEO of the public holding company.
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