secwatch.observer — SEC 8-K summary
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Issuer:     LIVEPERSON INC (LPSN)
CIK:        0001102993
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001193125-26-167270
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LivePerson to be acquired by SoundHound AI in all-stock deal; value anchored at ~$42.8M aggregate consideration
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- Merger consideration: each LPSN share converted into a formula-driven number of SoundHound shares; SoundHound stock price collared at $7-$12.
- Aggregate Consideration Amount set at $42,784,532.64, adjusted for LivePerson cash balance and option exercises.
- Consummation conditioned on LPSN stockholder approval, regulatory clearances, and concurrent Notes Restructuring Transactions.
- Notes Restructuring: First Lien holders get ~$178M in SoundHound stock plus cash; Second Lien holders get ~$83M in stock and cash.
- LivePerson must pay $5M termination fee if deal fails due to superior proposal, adverse recommendation change, or notes restructuring failure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102993/000119312526167270/0001193125-26-167270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102993/000119312526167270/d148603d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-167270

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