secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001213900-24-056370
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024056370/0001213900-24-056370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024056370/ea0208602-8k_sound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-056370

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