SOUNDHOUND ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against SoundHound AI, Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for failing to disclose material weaknesses in its internal controls over financial reporting, which affected its ability to account for acquisitions and led to inflated goodwill [1][3]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased SoundHound securities between May 10, 2024, and March 3, 2025, with a deadline of May 27, 2025, for investors to apply as lead plaintiffs [1]. - The law firm Bragar Eagel & Squire, P.C. is representing the plaintiffs in this case [1][6]. Allegations Against SoundHound - The complaint alleges that SoundHound did not disclose material weaknesses in its internal controls, which impaired its ability to account for corporate acquisitions [3]. - It is claimed that the company overstated its remediation efforts regarding these weaknesses [3]. - The reported goodwill following the Amelia Acquisition was inflated and would require correction [3]. - SoundHound is expected to need additional time and resources to account for the SYNQ3 and Amelia Acquisitions [3]. - There is an increased risk that the company would be unable to file certain financial reports with the SEC on time [3]. Stock Market Reaction - Following the disclosure on March 4, 2025, that SoundHound would be unable to timely file its Annual Report for 2024, the company's stock price fell by $0.61, or 5.86$9.72 per share [4].