Summary by Moomoo AI
SoundHound AI, Inc. has filed a notification of late filing with the U.S. Securities and Exchange Commission, indicating that it will delay the submission of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company, which is now classified as a large accelerated filer, cited the need for an additional day to file the report, which is now expected to be filed by March 1, 2024. In a press release issued on February 29, 2024, SoundHound AI announced preliminary financial results for the year and indicated that the forthcoming 10-K report will disclose material weaknesses in its internal control over financial reporting, rendering both its internal control and disclosure controls ineffective as of the end of 2023. Despite the delay, the company has confirmed that all other periodic reports have been filed as required, and significant changes in results of operations compared to the previous fiscal year will be reflected in the earnings statements included in the delayed report.