Auddia cancels Oct. 7 shareholder meeting, plans to reset record date for merger vote
AUUD•Auddia canceled its Oct. 7 special meeting to vote on its proposed merger with Thramann Holdings after support fell short of the majority of outstanding shares required for approval, despite about 89% of votes cast backing the deal.
1. Merger vote postponed
Auddia canceled its Oct. 7 special shareholder meeting on the proposed merger with Thramann Holdings. About 89% of votes cast supported the deal, but that was short of the majority of outstanding shares required under Delaware law; proxy advisers indicated too few additional shareholders could be reached using the Aug. 3 record date. The company plans to set a new record date and reschedule the meeting after updating shareholders on LT350’s AI infrastructure strategy.
