Archimedes Tech SPAC restates Q1-Q3 2021 financials over fair value error; cites material weakness

SOUNDHOUND AI, INC.

Restates unaudited interim financials for Q1, Q2, Q3 2021 due to fair value error on 350,000 representative shares.
Fair value analysis completed Nov 9, 2021; initially deemed immaterial, later decided to restate.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective for affected periods.
Restatement to be filed in amended Q3 2021 10-Q alongside redeemable shares temporary equity restatement.
Company expects no impact on cash position or trust account.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.