secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001213900-24-000804
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundHound AI completes acquisition of Synq3 Inc. for $25M plus earnout
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- Total consideration: $5M cash + $20M in stock (8,968,610 shares at $2.23/share) for all equity of Synq3.
- Earnout of up to $4M based on revenue targets for 2024-2026, payable in cash and stock.
- Approximately $3.125M of consideration withheld for 15 months to secure indemnification obligations.
- Retention pool established for certain continuing employees of the acquired company.
- Company expects audited financials and pro forma statements not required under Regulation S-X.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024000804/0001213900-24-000804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024000804/ea190917-8k_soundhoun.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-000804

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