Auddia announced that it has closed on $3.5M of new financing by selling 1.3M common shares from its previously announced equity line. Management believes that by strengthening the balance sheet and improving the premium listening experience available on faidr, which includes commercial free AM/FM listening with the ability to skip content and the enhanced podcast listening experiences facilitated by Seamless Play and Forward+, that the Company is better positioned to execute on its M&A strategy.
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