Auddia avoids Nasdaq delisting

BOULDER — Auddia Inc. (Nasdaq: AUDD) has avoided delisting from the stock exchange after regaining compliance with the bid-price rule, according to documents filed Tuesday with the U.S. Securities and Exchange Commission. 

Auddia had received a notification from the Nasdaq on July 14 that it was in violation of the bid-price rule because its share price traded below $1 per share for 30 consecutive days. At that point, the company had 180 days to regain compliance by raising its share price above $1 per share for 10 straight days. 

Auddia achieved this on July 27. 

SPONSORED CONTENT

How market participation facilitates the region’s renewable energy use

Platte River Power Authority joined an organized energy market in 2023 and will join another in 2026. Read more about the how these efforts benefit the communities of Estes Park, Fort Collins, Longmont, and Loveland.

The company develops smartphone apps that use artificial intelligence to play music over a radio station’s commercial break time in exchange for a monthly subscription fee from listeners. 

Auddia stock closed Tuesday at $1.10 per share.