Auddia Inc. (NASDAQ:AUUD) ("Auddia" or the "Company"), an AI-first technology company pursuing a merger that, if completed, would form McCarthy Finney, an AI-native operating company, today announced the cancellation of the special shareholder meeting that was originally scheduled for September 23, 2026, but was previously adjourned to October 7, 2026. The purpose of the meeting was to vote on the Company’s proposed merger with Thramann Holdings.

Approximately 89% of votes cast on the merger were in favor of transaction, reflecting strong shareholder alignment with the Company’s strategic direction. Under Delaware law, the merger requires approval by a majority of the outstanding common shares entitled to vote at the meeting. The number of favorable votes cast was less than this required level. Our proxy solicitation advisors indicated that insufficient additional shareholders could be located from the established record date of August 3, 2026 and that this was unlikely to change.

Since the original record date, Auddia has experienced a significant expansion in strategic momentum, driven primarily by the emergence of LT350, a subsidiary of Thramann Holdings that would become a subsidiary of MCFN upon closing of the proposed merger. LT350 is developing a patented distributed datacenter platform designed to meet rapidly growing AI inference demand. LT350’s architecture deploys datacenter grade GPU infrastructure in the airspace of existing parking lots, a structural advantage that directly addresses the community resistance bottlenecks slowing datacenter expansion nationwide.