UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, on November 6, 2024, Auddia Inc. (the “Company”) entered into an equity line common stock purchase agreement (the “Common Stock Purchase Agreement”) with White Lion Capital, LLC, a Nevada limited liability company (“White Lion”). Pursuant to the Common Stock Purchase Agreement, the Company has the right, but not the obligation to require White Lion to purchase, from time to time, up to $10,000,000 in aggregate gross purchase price of newly issued shares of the Company’s common stock (the “Common Stock”), subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement. Subject to the satisfaction of certain customary conditions, the Company’s right to sell shares to White Lion will extend until December 31, 2025.
On July 30, 2025, the Company and White Lion entered into an amendment (“Amendment”) to the Common Stock Purchase Agreement. Under the Amendment, the amount of Common Stock that the Company has the right, but not the obligation to require White Lion to purchase, from time to time, has been increased from $10,000,000 to $50,000,000. In addition, the Company’s right to sell shares to White Lion will now extend until December 31, 2027.
The Amendment does not make any other changes to the Common Stock Purchase Agreement.
The foregoing description of the Amendment to the Common Stock Purchase Agreement is qualified in its entirety by reference to the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 3.02 Unregistered Sales of Equity Securities.
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description | |
10.1 | Amendment 1, dated July 30, 2025, to Equity Line Common Stock Purchase Agreement, dated as of November 25, 2024, by and between White Lion Capital, LLC and Auddia Inc. | |
104 | Cover Page Interactive Data File |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AUDDIA INC. | ||
July 30, 2025 |
By: | /s/ John E. Mahoney |
Name: John E. Mahoney | ||
Title: Chief Financial Officer |
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