SoundHound completes LivePerson acquisition; appoints John Collins CFO

SOUNDHOUND AI, INC.

Acquisition closed: LivePerson shareholders get 0.4673 SOUN shares per share; TASE shares get $3.31 cash.
Notes restructuring: First Lien holders get 25.14M SOUN shares + $2.5M cash; Second Lien get 11.75M shares + $3.35M cash.
John Collins named CFO; base salary $465k, 65% target bonus, $150k signing bonus, equity 63% RSUs/37% PSUs.
Combined company debt-free, serves 25 of Fortune 100, holds 750+ patents; targets >$500M revenue from existing customers.
LivePerson common stock ceases trading on Nasdaq; integration underway.

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