Auddia announces new corporate overview on company website

Auddia (AUUD) has updated its corporate overview on the company website. The company recently announced the signing of a non-binding LOI for a proposed business combination and restructuring which remains in progress as the parties continue to work towards executing definitive documents. The proposed business combination is aimed at restructuring Auddia as a holding company that will deliver AI and web3 – blockchain & crypto – capabilities to its portfolio companies. In support of this mission, Auddia secured the URL for www.mccarthyfinney.com and reserved the NASDAQ ticker MCFN. To reflect the holding company’s AI focus, the name references John McCarthy who is a computer scientist widely considered to be the father of artificial intelligence and credited with the first use of the phrase. The company is shifting from a subscription based direct to consumer business model to a B2B business model focused on AI driven music discovery.