secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001213900-24-066351
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundHound AI acquires Amelia Holdings for $80M in cash and stock; assumes $39.7M term loan
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- Upfront consideration of $80M: $10M cash and 13,084,112 shares of Class A common stock at $5.35/share.
- Up to 16,822,429 additional earnout shares based on Amelia achieving revenue targets for 2025 and 2026.
- Assumed Monroe Capital term loan; paid $70M leaving $39.69M balance; SOFR+9.0% cash margin +1.0% PIK; matures June 30, 2026.
- Acquisition closed on August 7, 2024; Amelia merged into Firehorse Merger Sub, a wholly owned subsidiary.
- Shares issued in the acquisition are exempt from registration under Section 4(a)(2) and Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024066351/0001213900-24-066351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390024066351/ea0210680-8k_sound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-066351

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