---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-050981"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:22:43.250129+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI repays $100M term loan, terminates credit agreement; now debt-free with ~$180M cash

## Summary
- Paid $105M total ($100M principal + $5M prepayment premium) to fully retire term loan due 2027.
- Cash balance post-payment ~$180M, including $14M previously restricted; no outstanding debt.
- Expects one-time charge of ~$16M in Q2 2024 for debt extinguishment (premium, legal fees, non-cash amortization).
- All liens and guarantees released; credit agreement terminated.
- Company now debt-free with substantial cash for operations.

## SEC filing metadata
- accession: 0001213900-24-050981
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000121390024050981/0001213900-24-050981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000121390024050981/ea0207550-8k_sound.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-050981
- JSON: https://secwatch.observer/filing/0001213900-24-050981.json
- Plain text: https://secwatch.observer/filing/0001213900-24-050981.txt

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