Archimedes SPAC adds $2M PIPE; SoundHound CEO lock-up extended to 1 year

SOUNDHOUND AI, INC.

New subscriber to buy 200,000 shares at $10/share, increasing PIPE to $113M (11.3M shares total).
SoundHound CEO Keyvan Mohajer's lock-up extended from 6 months to 1 year post-merger.
Subscription and PIPE are contingent upon closing of merger with SoundHound (announced Nov 15, 2021).

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