secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001213900-24-031710
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024031710/0001213900-24-031710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024031710/ea0203479-8k_sound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-031710

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