secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001213900-22-001164
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022001164/0001213900-22-001164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022001164/ea153698-8k_archimedes.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-001164

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