Marks LT350's transition from concept to active engineering and deployment for its first solar parking lot canopy that turns the airspace of parking lots into distributed AI datacenters
Fresh Consulting to design thermal, power, battery, and GPU integration for LT350's patented modular canopy platform
Engineering and early manufacturing work supports LT350's goal of delivering its first operational pilot within 18 months of merger close
BOULDER, Colo., June 22, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. $(AUUD)$ ("Auddia" or the "Company"), an AI first technology company pursuing a merger to form McCarthy Finney, an AI native operating company, today announced that LT350 is advancing toward its first operational AI canopy pilot through the initiation of detailed engineering and deployment planning. LT350 has entered into a definitive agreement to execute the Phase 1 Statement of Work (SOW) with Fresh Consulting, a leading design, engineering, and early manufacturing firm, to begin the engineering and design process for LT350's first GPU canopy pilot.
The engagement marks the first major engineering milestone and formally initiates the architecture, feasibility validation, and system level design required to stand up LT350's first operational canopy.
LT350 is one of three businesses that would combine with Auddia to form McCarthy Finney if Auddia's announced business combination with Thramann Holdings, LLC ("Thramann Holdings") is completed.
Under the Phase 1 SOW, Fresh Consulting will develop the technical architecture for LT350's modular GPU canopy, including GPU and CPU server cartridges, battery energy storage cartridges, liquid cooling, solar inverter integration, and the power-sovereign architecture that enables LT350 to operate as a distributed AI datacenter at the edge.
Fresh Consulting will also evaluate partner ecosystems across GPUs, batteries, solar, MEP contractors, and cloud infrastructure, and will deliver a detailed roadmap for Phase 2, design/engineering, and Phase 3, fabrication/deployment. The engagement is designed to establish a deployment ready path toward LT350's first commercial scale pilot. Initiation of the Fresh Consulting engagement is in support of LT350's goal of delivering its first pilot canopy within 18 months of merger close.
"LT350 represents one of the most ambitious and forward-looking infrastructure concepts we've seen in the AI datacenter space," said Chad Brinckerhoff, Hardware Managing Director at Fresh Consulting. "The opportunity to integrate compute, energy storage, power-sovereign architecture, and modular deployment into a single canopy platform is exactly the kind of multidisciplinary challenge our teams are built for. We're excited to partner with LT350 to bring this pilot to life."
"Executing this definitive agreement with Fresh is a major catalyst for LT350," said Jeff Thramann, Founder and CEO of Auddia and LT350. "We now have a world-class engineering partner engaged to architect the first canopy, validate the technical and economic model, and move us into the build phase. This is the moment LT350 shifts from concept to implementation."
About Fresh Consulting
Fresh Consulting is a strategy, design, engineering, and early manufacturing firm that builds digital and physical products for global enterprises. The company specializes in multidisciplinary engineering programs that integrate hardware, software, robotics, and advanced systems.
About the Merger to form McCarthy Finney (MCFN)
Auddia entered into a definitive merger agreement on February 17, 2026. The merger contemplates a business combination between Auddia Inc. and Thramann Holdings, LLC, a single member Colorado LLC. Thramann Holdings fully owns LT350, Influence Healthcare, and Voyex, three early-stage AI native operating companies. Upon merger completion, Auddia will change its name to McCarthy Finney and trade under the ticker MCFN. McCarthy Finney is an AI holding company that will deliver AI and Web3 services to its four portfolio companies: LT350, Influence Healthcare, Voyex, and Auddia.
-- LT350 is a distributed AI datacenter company with 13 issued, 1 allowed,
and 2 pending patents on a proprietary solar parking lot canopy
infrastructure platform that integrates modular battery storage and GPU
cartridges into the ceiling of the canopy to turn any parking lot into an
AI datacenter. The Company aims to build the most secure, lowest latency,
cost effective, and rapidly deployed network of distributed AI
datacenters at the edge by leveraging the use of underutilized parking
lot space while strengthening the existing power infrastructure of local
utilities.
-- Influence Healthcare is a health-tech company leveraging AI, blockchain,
and vertical integration to empower surgeons to drive adoption of value
based care (VBC) to the surgical specialties. The Company's mission is to
leverage technology and value based enterprises (VBEs) to build an
alternative healthcare system that minimizes the corporate practice of
medicine, eliminates administrative waste, and enhances the autonomy and
pay of health care providers to empower them to improve quality and
return the patient physician relationship to the center of medicine.
-- Voyex is a travel services platform that leverages agentic AI, an
integrated fintech platform, and utilization of charter and private jet
aircraft to significantly improve the travel experience. The Company aims
to alleviate the leading pain points for travelers of lengthy flight
delays and cancellations.
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification, is reinventing not only how consumers engage with AM/FM radio, podcasts, and other audio content but also how artists and labels promote their music and gain access to mainstream radio audiences. Auddia's Discovr Radio is the first music-promotion platform to deliver artists guaranteed exposure to radio listeners. Auddia's flagship audio superapp, called faidr, delivers multiple industry firsts, including:
-- Ad-free listening on any AM/FM radio station -- Content skipping across any AM/FM station -- One-touch skipping of entire podcast ad breaks -- Integrated artist discovery experiences
For more information, visit www.auddia.com.
Cautionary Note on Forward-Looking Statements
Certain statements in this communication, other than purely historical information, may constitute "forward-looking statements" within the meaning of the federal securities laws, including for purposes of the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995, concerning Auddia, Thramann Holdings, and the proposed merger between Auddia and Thramann Holdings (the "Proposed Transaction") and other matters. These forward-looking statements include, but are not limited to, express or implied statements relating to Auddia's and Thramann Holdings' management expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the structure, timing and completion of the proposed merger by and between Auddia and Thramann Holdings, and the expected effects, perceived benefits or opportunities of the Proposed Transaction; the combined company's listing on Nasdaq after the closing of the Proposed Transaction; expectations regarding the structure, timing and completion of the financing needed to close the Proposed Transaction, including investment amounts from investors, timing of closing of the Proposed Transaction, expected proceed, expectations regarding the use of proceeds, and impact on ownership structure; the anticipated timing of the closing; the expected executive officers and directors of the combined company; each company's and the combined company's expected cash position at the closing and cash runway of the combined company following the proposed merger and any additional financing; the future operations of the combined company, including research and development activities; the nature, strategy and focus of the combined company; the development and commercial potential and potential benefits of any products and services of the combined company; the cash balance of the combined entity at closing; expectations related to the anticipated timing of the closing of the Proposed Transaction (the "Closing"); the expectations regarding the ownership structure of the combined company; the expected trading of the combined company's stock on Nasdaq under the ticker symbol "MCFN" after the Closing; and other statements that are not historical fact.
All statements other than statements of historical fact contained in this communication are forward-looking statements. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "opportunity," "potential," "milestones," "pipeline," "can," "goal," "strategy," "target," "anticipate," "achieve," "believe," "contemplate," "continue," "could," "estimate," "expect," "intends," "may," "plan," "possible," "project," "should," "will," "would" and similar expressions (including the negatives of these terms or variations of them) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are made based on current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management, concerning future developments and their potential effects. There can be no assurance that future developments affecting Auddia, Thramann Holdings, or the Proposed Transaction will be those that have been anticipated.
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