Auddia Inc. has filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of Delaware, which will implement a reverse stock split of its common stock at a ratio of 1-for-7.7. This amendment was approved by the company's board and stockholders in May 2025, allowing the board to determine the final ratio without further stockholder approval. The reverse stock split will take effect at 5:00 PM Eastern Time on March 31, 2026. As a result, every 7.7 shares of the company's common stock will be combined into one share, reducing the total number of outstanding shares from approximately 3.9 million to about 500,000. The number of authorized shares remains unchanged at 100 million. This action is expected to apply to the company's outstanding convertible preferred stock, warrants, stock options, and restricted stock units, with adjustments made to the number of shares and exercise prices accordingly. Trading of the common stock on a split-adjusted basis will commence on April 1, 2026, under the new CUSIP number 05072K404. The reverse stock split aims to enhance the company's stock price and improve its marketability, although it may also lead to dilution for existing shareholders.

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