- Auddia Inc. entered into an employment agreement with **Jeffrey Thramann**, effective **July 1, 2025**, appointing him as CEO in addition to his role as Executive Chairman, with an annual base salary of **$655,000** and eligibility for an annual bonus of up to **50% of his base salary**.  **[1554818_0001683168-25-006925_auddia_8k.htm:1]** 
- Stockholders approved an amendment to the 2020 Equity Incentive Plan on **September 8, 2025**, increasing the total number of shares reserved for issuance by **50,000** to **137,786**.  **[1554818_0001683168-25-006925_auddia_8k.htm:1]** **[1554818_0001683168-25-006925_auddia_8k.htm:2]** 
- The company extended its non-binding letter of intent for a proposed business combination with Thramann Holdings, LLC by **45 days**, with the new exclusivity period expiring on **October 18, 2025**.  **[1554818_0001683168-25-006925_auddia_8k.htm:3]**

Auddia Inc. Announces CEO Compensation, Equity Plan Amendment, and Business Combination LOI Extension

- Auddia Inc. announced a **restructuring of its engineering team** aimed at significantly reducing costs and aligning with its planned AI native holding company structure upon closing of a proposed business combination.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- This restructuring is projected to **reduce engineering costs by $750,000 annually**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- As part of the restructuring, **Peter Shoebridge, Auddia CTO, will be leaving** the Company at the end of August, while **Pablo Calderon, Auddia’s head of engineering, will join the AI team at the holding company level**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- The company's business model is changing from a **consumer subscription model to a B2B SaaS model**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- The internal AI team will focus on training and productizing the **AI Placement Engine**, and a dedicated outsourced engineering team will lead development of the **Discovr Radio Portal**, aiming for more capital efficient and faster product development.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]**

AUDDIA (AUUD)