---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-011171"
form_type: "8-K/A"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:31:10.317910+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Archimedes Tech SPAC restates IPO balance sheet; reclassifies all public subunits as temporary equity

## Summary
- Amends March 2021 8-K: all 12M public subunits reclassified from permanent to temporary equity at $120M redemption value.
- Private warrants now recorded as derivative liabilities ($253K) instead of equity; cash position unchanged at $1.0M.
- Audited balance sheet as of March 15, 2021 includes $120M in trust and $1.0M cash; total assets $121.7M.
- Going concern warning: only $36K outside trust as of March 2022, may not sustain operations beyond 12 months.
- Must complete business combination by September 15, 2022 or liquidate; no substantive discussions with targets as of IPO.

## SEC filing metadata
- accession: 0001213900-22-011171
- form_type: 8-K/A
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000121390022011171/0001213900-22-011171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000121390022011171/ea156529-8ka1_archimedes.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-011171
- JSON: https://secwatch.observer/filing/0001213900-22-011171.json
- Plain text: https://secwatch.observer/filing/0001213900-22-011171.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.