LivePerson and SoundHound amend merger; TASE shares get cash capped at $7.5M

LIVEPERSON INC

Amended merger agreement changes consideration for TASE shares from SoundHound stock to cash, capped at $7.5 million.
Change avoids delay from Israeli securities law prospectus requirement; other merger terms unchanged.
Non-TASE shares still receive SoundHound common stock based on $7-$12 per share collar.
LivePerson Board unanimously recommends adoption; termination fee of $5M plus expenses remains.
Outside date for closing is October 21, 2026, extendable to December 5, 2026 for regulatory approvals.

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