secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001213900-22-023274
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.02, 9.01, 3.03, 4.01, 5.01, 5.02, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022023274/0001213900-22-023274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022023274/ea159193-8k_soundhound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-023274

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer