Auddia Inc is ending its attempts to secure the financing to acquire the AM/FM radio streaming app Radio FM. Auddia executive chairman Jeff Thramann comments, “We have been pursuing an
aggressive AM/FM streaming app acquisition strategy by negotiating with three targets simultaneously. It is now clear that market conditions are unfavorable for securing the largest acquisition as our first target. As such, to optimize shareholder value we are withdrawing the current S-1 on file that contemplates the Radio FM acquisition.”
