SOUNDHOUND AI, INC. (SOUN): M&A transaction — Amelia Holdings acquired by SoundHound; auditor flags going concern with $66.4M net loss in 2023

SOUNDHOUND AI, INC.

Amelia FY2023 revenue $93.3M, net loss $66.4M, negative stockholders' deficit $227.6M.
Auditor raised substantial doubt about Amelia's ability to continue as going concern; cash only $11.4M at Dec 31, 2023.
Acquisition closed Aug 6, 2024; pro forma combined financials for six months ended June 30, 2024 included as exhibit.
Amelia's audited financials for FY2023 and FY2022 and unaudited interim statements provided in this 8-K/A.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SOUNDHOUND AI, INC. completed an acquisition involving Amelia Holdings, Inc..

Action: acquisition
Counterparty: Amelia Holdings, Inc.

Exact text from the filing

to report on the completion of the acquisition of all of the issued and outstanding shares of the capital stock of Amelia Holdings, Inc.

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Source: SEC EDGAR

accession 0001840856-24-000033

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