M&A
confidence high
sentiment neutral
materiality 0.75
SoundHound AI amends LivePerson merger; aggregate stock consideration ~$42.8M, price collar $7-$12
SOUNDHOUND AI, INC.
- Aggregate consideration ~$42.8M in SoundHound stock, adjusted for LivePerson cash balance and option exercises.
- Per-share consideration based on 10-day VWAP with floor of $7 and cap of $12 per SOUN share.
- TASE shares to receive cash consideration capped at $7.5M.
- Termination fee of $5M payable by LivePerson under specified conditions, with expense cap of $3.75M.
- Closing conditions include LivePerson stockholder approval, regulatory approvals, and notes restructuring.