SOUN Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds SoundHound AI, Inc. (SOUN) Investors that a Securities Fraud Class Action Lawsuit Has Been Filed

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][2]. Summary by Relevant Sections Allegations Against SoundHound - The lawsuit claims that SoundHound had material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [2]. - The reported goodwill from the acquisition of Amelia Holdings, Inc. in August 2024 was inflated and would require correction due to these weaknesses [2]. - SoundHound is expected to incur additional time and costs to properly account for the acquisitions of Amelia Holdings, Inc. and SYNQ3 [2]. - The issues raised increased the risk of SoundHound failing to file certain financial reports with the SEC in a timely manner [2]. - Overall, the public statements made by SoundHound were claimed to be materially false and misleading throughout the relevant period [2]. Lead Plaintiff Process - Investors in SoundHound have until May 27, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff acts on behalf of all class members and typically has the largest financial interest in the case [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4].