AUUD · Auddia Inc.

Auddia Inc. implemented a reverse stock split at a ratio of 1-for-7.7, effective March 31, 2026, pursuant to a Certificate of Amendment filed with the Delaware Secretary of State. The action reduced the company's issued and outstanding common stock from approximately 3.9 million shares to roughly 500,000 shares, while the total number of authorized shares remained static at 100 million. The split-adjusted trading commenced on Nasdaq on April 1, 2026, under a new CUSIP number.

The reverse split was authorized under a proposal approved by the board and stockholders in May 2025, which granted the board discretion to determine a final ratio within a range of 1-for-5 to 1-for-500. The board subsequently approved the specific 1-for-7.7 ratio in March 2026. This corporate action structurally impacts all equity-linked instruments, including warrants, options, and restricted stock units, which will undergo proportionate adjustments to their conversion ratios and exercise prices. The treatment of fractional shares was handled at the participant level with DTC, ensuring no fractional shares were issued, with stockholders receiving whole shares in lieu of fractions.