Auddia Inc. (NASDAQ: AUUD) announced today that it has successfully completed a $12 million financing, positioning the company to accelerate the closing of its transformational merger with Thramann Holdings, LLC. The merger will form McCarthy Finney (NASDAQ: MCFN), an AI-native holding company with an internal discounted cash flow (DCF) valuation of $250 million. The financing is a key catalyst to complete remaining merger steps, including filing the S-4 registration statement and scheduling a shareholder vote.
A central component of the merger is LT350, a distributed AI datacenter subsidiary that represents approximately 50% of the $250 million DCF valuation. LT350 deploys GPU-dense inference infrastructure in the unused airspace above existing parking lots, enabling rapid, scalable, and power-sovereign AI compute capacity without the land, water, and permitting constraints of traditional datacenters. Jeff Thramann, CEO of Auddia and Founder of Thramann Holdings, stated, 'Auddia entered the recent financing as a company valued by the market at roughly $2 million. The merger introduces a multi-subsidiary AI platform supported by an internal $250 million discounted cash flow valuation framework. Completing this financing allows us to accelerate the closing process and gives the market an opportunity to value the combined company on the basis of the new assets coming into McCarthy Finney.'
LT350's architecture includes modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positioning the company at the center of the distributed datacenter movement. The company noted that LT350's positioning within this market was a key driver of significant trading volume following its recent patent announcement. Upon closing, the combined company operating as McCarthy Finney will comprise four AI-driven subsidiaries: LT350, Influence Healthcare (AI-driven value-based care), Voyex (agentic AI travel rebooking), and Auddia (AI-driven music discovery). Thramann added, 'The market has already shown strong interest in LT350's role in the future of AI infrastructure. This financing allows us to accelerate the merger and move into execution mode.'
For more information about LT350, visit www.LT350.com. LT350's whitepaper, 'Distributed, Power-Sovereign AI Infrastructure for the Inference Economy,' is available here.
This financing milestone underscores the transformative potential of the merger, which aims to unlock value from LT350's innovative approach to AI infrastructure. The ability to rapidly deploy AI compute capacity without traditional constraints is critical as demand for AI inference outstrips the capacity to build conventional datacenters. The successful completion of the financing removes a significant hurdle to closing the merger, allowing the combined entity to focus on execution and market growth.
