Core Viewpoint - A securities class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making false and misleading statements regarding its financial reporting and internal controls during the Class Period from May 10, 2024, to March 3, 2025 [1]. Group 1: Allegations Against SoundHound - The complaint claims that SoundHound had material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [3]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3]. - The reported goodwill from the acquisition of Amelia Holdings, Inc. in August 2024 was inflated and would require correction due to these weaknesses [3]. - SoundHound is expected to incur additional time and costs to properly account for the acquisitions of Amelia Holdings, Inc. and SYNQ3 [3]. - The issues raised increased the risk of SoundHound failing to file certain financial reports with the SEC in a timely manner [3]. - Overall, the public statements made by SoundHound were deemed materially false and misleading throughout the relevant period [3]. Group 2: Legal Process and Participation - Investors in SoundHound have until May 27, 2025, to seek appointment as a lead plaintiff representative in the class action [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making materially false and misleading statements regarding its business operations during the specified Class Period from May 10, 2024, to March 3, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit represents all individuals and entities that purchased or acquired SoundHound securities during the Class Period [1]. - Investors have until May 27, 2025, to request to be appointed as Lead Plaintiff in the class action [2]. Group 2: Allegations Against SoundHound - The complaint alleges that SoundHound made unvalidated claims about its status, capabilities, and prospects, which adversely affected investors who relied on this information [3]. - On March 4, 2025, SoundHound disclosed it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions and identified material weaknesses in its internal controls over financial reporting [4]. - The 2024 10-K filing revealed that SoundHound lacked effective controls for accounting for complex transactions, impairing its ability to account for corporate acquisitions [4]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP is leading the lawsuit, emphasizing their commitment to seeking justice for investors harmed by the alleged misrepresentations [5]. - The firm has extensive experience in securities litigation and encourages affected investors to come forward with information [5].

Core Viewpoint - SoundHound AI's stock has experienced significant declines, dropping 25% in March 2025, following a trend of negative movements in previous months, attributed to the fading of meme-stock hype from late 2024 [1][2]. Stock Performance - The share price of SoundHound AI started March at $10.82, down from $14.15 in February, $19.84 at the end of 2024, and $23.23 at its peak during the holiday season [2]. - Despite the price drops, the stock does not appear cheap, trading at $4.50 in early October, indicating a volatile market history [3]. Business Fundamentals - SoundHound AI has a strong business foundation with its AI-driven voice recognition platform, which is utilized in various applications such as in-car systems, drive-thru ordering, and phone menus, addressing a large and expanding market [4]. - The company has a robust order backlog, but it may take years to convert this into significant revenue and profits, with the stock currently trading at a high valuation of 39 times trailing sales [5]. Investment Sentiment - There is confidence in SoundHound AI's ability to monetize long-term contracts and expand its client base, although the current investment position is considered small and risky [6].

NEW YORK, April 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/soundhound- ...

Core Viewpoint - A securities class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making false and misleading statements regarding its financial reporting and internal controls during the Class Period from May 10, 2024, to March 3, 2025 [1] Group 1: Allegations Against SoundHound - The complaint claims that SoundHound had material weaknesses in its internal controls over financial reporting, which affected its ability to account for corporate acquisitions [3] - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3] - The reported goodwill from the acquisition of Amelia Holdings, Inc. in August 2024 was inflated and would require correction due to these weaknesses [3] - SoundHound is expected to incur additional time and costs to properly account for the acquisitions of Amelia Holdings, Inc. and SYNQ3 [3] - The issues raised increased the risk of SoundHound failing to file certain financial reports with the SEC in a timely manner [3] - Overall, SoundHound's public statements were deemed materially false and misleading throughout the relevant period [3] Group 2: Legal Process and Participation - Investors in SoundHound have until May 27, 2025, to seek appointment as a lead plaintiff representative in the class action [4] - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4] - Investors can choose to participate actively or remain absent from the proceedings without affecting their ability to share in any recovery [4]

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of SoundHound AI, Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's financial reporting and internal controls [1][5]. Group 1: Class Action Details - The class action is for purchasers of SoundHound securities between May 10, 2024, and March 3, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly [3][6]. Group 2: Allegations Against SoundHound - The lawsuit alleges that SoundHound made false and misleading statements regarding its internal controls over financial reporting [5]. - Specific claims include that SoundHound overstated its ability to remediate material weaknesses in its financial reporting, leading to inflated goodwill following the Amelia Acquisition [5]. - The lawsuit also states that these issues increased the risk of delayed financial report filings with the SEC, resulting in damages to investors when the true details became public [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound AI made materially false and misleading statements [3]. - Specific allegations include: - Material weaknesses in internal controls over financial reporting that impaired the company's ability to account for corporate acquisitions [3]. - Overstatement of the remediation of these weaknesses, leading to inflated goodwill following the Amelia Acquisition [3]. - Increased time and expense required to account for the SYNQ3 and Amelia Acquisitions [3]. - Heightened risk of failing to timely file certain financial reports with the SEC [3]. - Overall, the company's public statements were materially false and misleading throughout the relevant period [3]. Class Action Details - The deadline for shareholders to register for the class action is May 27, 2025 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software for status updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting [1][2]. Group 1: Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound issued materially false and misleading statements [2]. - Specific allegations include that SoundHound's internal controls over financial reporting were materially weak, impairing its ability to account for corporate acquisitions [2]. - The company overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - SoundHound is expected to require additional time and resources to account for the SYNQ3 and Amelia Acquisitions due to these weaknesses [2]. - There is an increased risk that the company may not file certain financial reports with the SEC in a timely manner as a result of these issues [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making misleading statements about its business operations, which adversely affected investors during the specified class period [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities that purchased SoundHound securities between May 10, 2024, and March 3, 2025 [1]. - Investors have until May 27, 2025, to request to be appointed as Lead Plaintiff in the class action [2]. - The complaint alleges that the defendants made materially false and misleading statements regarding the company's status, capabilities, and prospects, leading to significant adverse effects on investors [3]. Group 2: Financial Reporting Issues - On March 4, 2025, SoundHound disclosed it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions and identified material weaknesses in its internal controls over financial reporting [4]. - The 2024 10-K filing revealed that as of December 31, 2024, the company lacked effective controls for accounting for complex transactions, which impaired its ability to account for corporate acquisitions [4]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP is leading the legal efforts for investors affected by the misleading statements, emphasizing their expertise in securities litigation [5].

Core Viewpoint - A class action has been filed against SoundHound AI, Inc. for failing to disclose material weaknesses in its internal controls over financial reporting, particularly related to corporate acquisitions [1][2]. Group 1: Allegations and Internal Controls - The complaint alleges that SoundHound did not disclose material weaknesses in its internal controls, which impaired its ability to account for corporate acquisitions effectively [2]. - SoundHound overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - The company is expected to require additional time and resources to account for the SYNQ3 and Amelia Acquisitions due to these weaknesses [2]. Group 2: Stock Price Impact - Following the disclosure of its inability to timely file its Annual Report for 2024, SoundHound's stock price fell by $0.61 per share, or 5.86%, closing at $9.72 per share on March 4, 2025 [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against SoundHound AI, with options to serve as lead plaintiff or remain an absent class member [4].