SoundHound AI mandates conversion of all remaining Series A Preferred into 2.13M common shares

SOUNDHOUND AI, INC.

Condition met: daily VWAP of Class A common stock ≥ $2.50 for 90 of 120 consecutive trading days starting Feb 14, 2024.
Remaining 58,574 Series A Preferred shares to automatically convert into 2,134,631 shares of Class A common stock.
After conversion, no shares of Series A Preferred Stock will remain outstanding.
Conversion eliminates preferred dividend and liquidation preference, increasing common share count.
Notice provided to holders on June 24, 2024; conversion effective upon satisfaction of conditions.

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