AUDDIA INC. 8-K

What Happened

• Auddia Inc. (AUUD) filed an 8-K disclosing a Certificate of Amendment filed March 30, 2026 that effectuated a 1‑for‑7.7 reverse stock split. The reverse split became effective at 5:00 PM Eastern Time on March 31, 2026, and Nasdaq trading on a split‑adjusted basis began at market open on April 1, 2026. The new CUSIP for the common stock is 05072K404.

Key Details

• Reverse split ratio: 1-for-7.7, approved previously by the board and stockholders (May 2025 authorization range) and finalized by the board in March 2026.
• Outstanding shares reduced from ~3.9 million pre-split to ~500,000 post-split; authorized common shares remain 100 million.
• Fractional shares: the Certificate states fractional shares will not be issued; rounding was handled at the participant level through DTC rather than at the beneficial-holder level.
• The split applies to convertible preferred stock, warrants, stock options and restricted stock units — conversion/exercise amounts and exercise prices will be adjusted proportionately.

Why It Matters

• The reverse split reduces the number of shares outstanding and increases the per‑share basis, which affects how many shares each investor holds (their total economic interest is unchanged absent rounding effects).
• Convertible and equity‑based instruments will be adjusted, so holders of warrants, options, RSUs or convertible preferred should expect proportional changes to share counts and exercise prices.
• Trading and record-keeping (new CUSIP, Nasdaq split-adjusted trading) were implemented immediately following the effective date; investors should check brokerage statements for updated share counts and contact their broker or DTC participant if they have questions about fractional-share treatment.