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SoundHound AI | 424B5: Prospectus

SEC announcement ·  Apr 10 15:15
Summary by Moomoo AI
SoundHound AI, Inc. (SoundHound AI), a leader in conversational intelligence, has entered into an Equity Distribution Agreement with several financial institutions, including Citigroup Global Markets Inc., Barclays Capital Inc., Wedbush Securities Inc., Northland Securities, Inc., and Ladenburg Thalmann & Co. Inc., collectively referred to as the Managers. This agreement pertains to the sale of Class A common stock, with a par value of $0.0001 per share, up to a total value of $150,000,000. The Class A Common Stock is listed on Nasdaq under the symbol 'SOUN,' and as of April 8, 2024, the stock was trading at $5.00 per share. The sales may be conducted through negotiated transactions or 'at the market' offerings as defined by the Securities Act of 1933. The Managers will act as agents...Show More
SoundHound AI, Inc. (SoundHound AI), a leader in conversational intelligence, has entered into an Equity Distribution Agreement with several financial institutions, including Citigroup Global Markets Inc., Barclays Capital Inc., Wedbush Securities Inc., Northland Securities, Inc., and Ladenburg Thalmann & Co. Inc., collectively referred to as the Managers. This agreement pertains to the sale of Class A common stock, with a par value of $0.0001 per share, up to a total value of $150,000,000. The Class A Common Stock is listed on Nasdaq under the symbol 'SOUN,' and as of April 8, 2024, the stock was trading at $5.00 per share. The sales may be conducted through negotiated transactions or 'at the market' offerings as defined by the Securities Act of 1933. The Managers will act as agents and are not obligated to sell any specific dollar amount but will attempt to sell all shares requested by SoundHound AI. The agreement does not involve any escrow, trust, or similar arrangement, and the Managers may also purchase shares as principal. They will receive a fixed commission rate of 2.5% of the gross sales price per share sold. The date of the prospectus supplement is April 9, 2024.

This announcement is a separate document:

Doc 1

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