Auddia Inc. (NasdaqCM:AUUD) entered into an asset purchase agreement to acquire Mobile Application, Internet Radio and Streaming Business from APPSMARTZ and RADIOFM for $15 million on January 26, 2024. The consideration consists of $13 million in cash plus an earnout payment of $2 million if certain milestones are reached. The consummation of the transactions is subject to customary conditions, including, among other things, Auddia obtaining the requisite financing to fund the asset purchase, and other closing conditions. Auddia?s board of directors has approved the transaction. The transaction is anticipated to close by May 1, 2024.

Auddia Inc. (NasdaqCM:AUUD) cancelled the acquisition of Mobile Application, Internet Radio and Streaming Business from APPSMARTZ and RADIOFM on March 7, 2024