secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001213900-22-049015
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022049015/0001213900-22-049015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390022049015/ea164559-8k_soundhound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-049015

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