11:40 AM EDT, 04/29/2024 (MT Newswires) -- Auddia ( AUUD ) shares slid almost 4% in recent trading after the company said Monday it closed a private placement of $2.3 million of convertible preferred and common stock warrants to regain compliance with the Nasdaq shareholders' equity requirement for continued listing.

The proceeds will help repay debt, the company said in a regulatory filing.

Price: 1.70, Change: -0.07, Percent Change: -3.95