SoundHound AI enters equity line to sell up to 25M shares to CF Principal Investments

SOUNDHOUND AI, INC.

SoundHound may sell up to 25 million shares of Class A common stock to CF Principal Investments over 36 months.
Purchase price is 97% of the volume-weighted average price on the purchase date.
Company issued 250,000 commitment shares valued at $1 million to CFPI as upfront fee.
Sales are subject to a 4.99% beneficial ownership limit for CFPI and an Exchange Cap of 39,365,804 shares (19.99% of outstanding).
SoundHound controls timing and amount of any sales; no obligation to sell shares.

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