4//SEC Filing
Minicozzi Richard Michael 4
Accession 0001683168-22-007825
CIK 0001554818other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 6:43 PM ET
Size
9.0 KB
Accession
0001683168-22-007825
Insider Transaction Report
Form 4
AUDDIA INC.AUUD
Minicozzi Richard Michael
10% Owner
Transactions
- Purchase
Warrants (right to buy)
2022-11-14+300,000→ 300,000 totalExercise: $2.10From: 2022-11-14Exp: 2027-11-14→ Common Stock (300,000 underlying) - Purchase
Secured Bridge Note (conversion right)
2022-11-14+252,033→ 252,033 totalExercise: $1.23→ Common Stock (252,033 underlying)
Footnotes (3)
- [F1]As part of a secured bridge note private placement financing dated November 14, 2022, the reporting person was issued a common stock purchase warrant for 300,000 shares. The warrant has a five year term and a fixed exercise price of $2.10 per share. The warrant is immediately exercisable.
- [F2]The warrant was issued in connection with the reporting person's purchase of a secured bridge note in a private placement on November 14, 2022 for $2,000,000 aggregate purchase price. No specific portion of the $2,000,000 aggregate purchase price was allocated to the note or the warrant.
- [F3]At the 5/31/2023 maturity date for the secured bridge note, the holder has the option to convert accrued/unpaid interest and original issue discount into shares of common stock at a fixed conversion price of $1.23 per share. The Company has an option to extend the maturity date to November 30, 2023. Accordingly, the number of potential conversion shares cannot be calculated precisely at this point. The 252,033 shares disclosed above assume that the conversion option could be exercised as of 5/23/2023, at which time $310,000 (i.e. $200,000 of OID and $110,000 of interest) could be converted into 252,033 shares using the $1.23 fixed conversion price. No specific portion of the $2,000,000 aggregate purchase price was allocated to the conversion feature of the note.
Documents
Issuer
AUDDIA INC.
CIK 0001554818
Entity typeother
Related Parties
1- filerCIK 0001847895
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 6:43 PM ET
- Size
- 9.0 KB