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, according to the company's projections.
The financing serves as a key catalyst to complete the remaining merger steps, including filing the S-4 registration statement and scheduling a shareholder vote to approve the transaction. With this milestone achieved, Auddia expects to move rapidly toward closing and transitioning to McCarthy Finney.
A central component of the merger is LT350, a distributed AI datacenter subsidiary that represents approximately 50% of the $250 million DCF valuation of the post-merger entity. 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. The company's architecture includes modular canopies, GPU cartridges, battery-buffered power, and zero-water liquid cooling, positioning it at the center of the distributed datacenter movement.
"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," said Jeff Thramann, CEO of Auddia and Founder of the Thramann Holdings entities.
Upon closing, the combined company operating as McCarthy Finney will be comprised of four AI-driven subsidiaries: LT350 (distributed AI datacenters), Influence Healthcare (AI-driven value-based care), Voyex (agentic AI travel rebooking), and Auddia (AI-driven music discovery). Thramann noted that LT350's positioning within the AI infrastructure market was a key driver of significant trading volume following its recent patent announcement.
"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," Thramann added.
For more information about LT350, visit www.LT350.com. LT350's whitepaper, "Distributed, Power-Sovereign AI Infrastructure for the Inference Economy," is available here (placeholder link).
This announcement underscores the growing demand for AI infrastructure and the innovative approaches companies are taking to meet it. The distributed datacenter model could significantly reduce the barriers to scaling AI compute, potentially impacting industries reliant on AI inference, such as autonomous vehicles, healthcare diagnostics, and real-time analytics.
