Restructuring into a holding company focused on providing AI and Web3 efficiency to portfolio companies
AI efficiency includes the computational costs of discounted AI, centralized AI model training and engineering, and the use of AI tools.
Web3 efficiency includes reinventing market verticals to leveraging financial strategies and developing new blockchains and tokens, optimizing portfolio company operations, and promoting sustainable multiples of NAV.
Boulder, Colorado, August 5, 2025 (Globe Newswire) –
Audia Inc.
(NASDAQ: AUUD) (NASDAQ: AUUDW) (“Auddia” or “Company”) announced today that last month, in a follow-up to leadership and strategic change, it announced it would act on the recommendations of a special committee of independent directors.
Holdings is a privately held company that manages three early stage AI-Native companies founded by Jeff Suraman, LT350, Influntion Healthcare and Voyex. Thramann is a serial entrepreneur and inventor appointed to more than 130 US and international patents. He won the public of Audie and Accraion (NASDAQ: ACON), sold LANX and US radiosurgeries to public companies, sold to Pronerve and American Physians to private equity, and sold Denver Cyber Knife to private companies. Traman is the founder of each of these companies except Aclarion.
“As an innovator, I have spent the last 15 years securing patents in the field of AI infrastructure, immersed in both the development and use of AI models, developing blockchain and digital currency strategies aimed at enhancing the value of the industry to reform the market.” “At the time of AI and Web3, I think there is an incredible opportunity for holding companies to leverage these technologies and reach portfolio companies.”
LOI is thinking of a combination of Ouddia and Holdings businesses, and Ouddia will become a public holding company traded under the new name and ticker symbol. The transaction will result in the portfolio company holdings and Audia becoming a subsidiary of a public holding company.
Under the proposed terms, the Holdings stockholders are expected to receive 80% ownership of the total company, while Audie Equity Holders own 20% interest.
After the business combination ends, the holding company's board of directors will initially consist of Ouddia's current board of directors, which will appoint a new CEO of Ouddia Business. Audie's current CEO, Jeff Suraman, will continue as CEO of the public holding company, while Audie's current CFO, John Mahoney will continue as CFO of the public holding company, overseeing the finances of all subsidiaries.
A business combination is a transaction between related parties. Jeff Thramann, founder, chairman and CEO of Ouddia, is also the founder and majority shareholder of Holdings. As previously disclosed, to alleviate disputes inherent in the related party transactions, in July 2025, the Ouddia Board established a special committee of independent directors represented by independent counsel considering the proposed combination of businesses. Jeff Suraman did not take part in the special committee deliberations on the proposed business combination. Mr. Suraman was also rejected from a board vote to approve the special committee's recommendation to proceed with implementing a non-binding LOI for the proposed combination of businesses. The special committee hopes that investment banks will act as financial advisors and provide unbiased opinions on the proposed combination of businesses. The parties will negotiate a definitive business combination agreement that incorporates the provisions of the LOI and other terms typical of transactions of this nature.
The parties have agreed to a 30-day monopoly period to negotiate a definitive business combination agreement, including board and shareholder approval, regulatory approval, effectiveness of OudDia common stock in business combinations, customary closure terms such as ongoing listings of NASDAQ common stock, regulatory approval, and validity of registration statements. The closure will also be conditioned on Ouddia, which raises at least $10 million in additional capital to fund Ouddia's ongoing business operations and combined business.
The company will provide updates on Ouddia's new operating plans over the coming weeks and details relating to the operating companies within its holdings.
The proposed business combination is subject to many known unknown risks and uncertainties. There is no guarantee that the parties will enter into a definitive combination of business in this document or any possible terms. Furthermore, we cannot guarantee that such a combination of businesses will be approved or finally completed by shareholders.
About Tramann Holdings, LLC
Thramann Holdings is a holding company that manages the LT350, influences Healthcare, and manages three AI native operating companies, Voyex.
LT350 is a distributed AI data center company with nine issued patents on the unique solar parking canopy that transforms parking into an AI data center. The company has strategic partnerships with gas station brands from the top 10 convenience stores, including stock investment and development at gas stations at Pilit convenience stores. The partnership has the potential to deploy the world's largest distributed AI data center at the lowest possible cost by replacing existing gas station canopies with LT350 canopies.
Influence Healthcare is a value-based care provider that leverages AI, blockchain and vertical integration, empowering surgeons to guide the adoption of value-based care into surgical specialties.
Voyex is an agent AI company that deals with flight delays and cancellations, and is the biggest problem for air travelers.
About Audia Inc.
Audia is reinventing how consumers engage with AM/FM radio, podcasts and other audio content through its proprietary AI platform for audio identification and classification. Called Faidr, Audia's flagship Audio SuperApp brings the audio streaming landscape to the first of multiple industries.
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Subscription-based, free ad listening on AM/FM radio stations
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Content that skips across AM/FM stations
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One Skip of the Whole Podcast Ads Brokes
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Subscription-based, free ads listening to Podcast Partners
FAIDR also offers exclusive content and playlists, showing you exciting new artists picked by curators and DJs by hand. For more information, please visit www.auddia.com
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not historical facts such as “expected,” “believe,” “expected,” or similar expressions are forward-looking statements. These forward-looking statements are based on current plans and expectations of management and are subject to many uncertainties and risks that could significantly affect our current plans and expectations, as well as future operational and financial position results. These and other risks and uncertainties have been discussed more fully in their filings with the Securities and Exchange Commission. Readers are encouraged to review the section entitled “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, and the annual report and subsequent subsequent filings made with the Securities and Exchange Commission. Any forward-looking statements contained in this announcement will be made as of this date and the Company has no obligation to publicly update or amend any forward-looking statements as a result of new information, future events, or other results.
Investor relations:
Kirin Smith, CEO
PCG Advisory, Inc.
[email protected]
www.pcgadvisory.com
