secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001213900-26-045987
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoundHound AI acquires LivePerson for ~$42.8M in SOUN stock; notes restructured
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- Base consideration ~$42.8M in SOUN shares, adjusted for LivePerson cash and in-the-money option exercises.
- LivePerson holders get SOUN shares based on 10-day VWAP with $7–$12 collar; transaction not tax-free.
- Notes Restructuring: First Lien holders get ~$178M and Second Lien ~$83.2M in SOUN stock plus cash adjustments.
- LivePerson must pay $5M termination fee if deal fails under specified conditions (e.g., recommendation change).
- Closing requires LivePerson shareholder approval, regulatory clearances, and Notes Restructuring consummation; outside date Oct 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000121390026045987/0001213900-26-045987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000121390026045987/ea0287117-8k425_sound.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-045987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer