SoundHound AI completes SPAC merger; stock and warrants to trade on Nasdaq

SOUNDHOUND AI, INC.

Merger closed April 26, 2022; SoundHound, Inc. becomes wholly owned subsidiary of SoundHound AI, Inc.
Aggregate merger consideration valued at $2.0B; SH holders received ~180.5M shares (140.1M Class A + 40.4M Class B).
PIPE investment of $113M ($10/share) closed; 12.8M public shares redeemed for $127.7M.
Class A common stock (SOUN) and warrants (SOUNW) begin trading on Nasdaq on April 28, 2022.
New board named; Dr. Keyvan Mohajer as CEO; 2022 Incentive Plan and ESPP approved.

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