SoundHound AI enters $150M ATM equity distribution agreement with multiple managers

SOUNDHOUND AI, INC.

Company may sell up to $150M of Class A common stock through Citigroup, Barclays, Wedbush, Northland, Ladenburg Thalmann.
Managers receive 2.5% commission on gross sales; company also reimburses certain expenses.
Sales at market prices via Nasdaq or negotiated transactions; no obligation for company to sell or managers to buy.
Program terminates upon agreement termination; shares issued under effective S-3 registration statement.

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