---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-093913"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:22:48.287905+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI acquires SYNQ3 for $25M; creates largest voice AI provider for restaurants

## Summary
- Total consideration of $25M, plus up to $4M in earnout based on revenue targets for 2024-2026.
- Consideration is ~20% cash and ~80% SoundHound Class A common stock at $2.23 per share.
- Combined entity has over 10,000 signed restaurant locations; deal expected to close in Q1 2024.
- SYNQ3 adds large national brands across drive-thru, fast casual, and convenience stores.
- Synergies include enhanced AI models from 50M+ interactions and omnichannel voice ordering.

## SEC filing metadata
- accession: 0001213900-23-093913
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000121390023093913/0001213900-23-093913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000121390023093913/ea189490-8k_soundhoun.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-093913
- JSON: https://secwatch.observer/filing/0001213900-23-093913.json
- Plain text: https://secwatch.observer/filing/0001213900-23-093913.txt

## Key facts
- Material Agreements
  SOUNDHOUND AI, INC. entered into Agreement and Plan of Merger with Synq3, Inc., a Delaware corporation valued at $25 million (effective 2023-12-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Synq3, Inc., a Delaware corporation
  - Value: $25 million
  - Effective: 2023-12-06
  source text: On December 6, 2023, SoundHound AI, Inc., a Delaware corporation (the “Company”), Black Knight Merger Sub I, Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Company (“Merger Sub I”), Black Knight Merger Sub II, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Company (“Merger Sub II”), Synq3, Inc., a Delaware corporation (the “Target”) and Bluestem Capital Company, LLC (solely in its capacity as the representative of stockholders of the Target) entered into an Agreement and Plan of Merger (the “Merger Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840856/000121390023093913/0001213900-23-093913-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.