The Gross Law Firm Informs Investors Of SoundHound AI, Inc.

Notice to Shareholders of SoundHound AI, Inc. (NASDAQ: SOUN)

Overview of the Announcement

The Gross Law Firm has issued an important notice for shareholders of SoundHound AI, Inc. This announcement, which was made on April 3, 2025, encourages investors who acquired shares of SOUN during a specific timeframe to reach out for information regarding potential legal actions.

Shareholder Participation

Shareholders who bought shares of SoundHound AI between May 10, 2024, and March 3, 2025, are particularly urged to contact the Gross Law Firm. It’s important to note that becoming a lead plaintiff is not a requirement for shareholders to participate in any recovery efforts related to this case.

To assist shareholders in engaging with this process, the firm has provided a contact link that includes a secure form for reporting loss submissions: Contact Us Here.

Key Details of the Class Action

Class Period

Duration: Share acquisitions occurred from May 10, 2024, to March 3, 2025.

Allegations Against the Company

The complaint filed against SoundHound AI alleges several serious issues:

Internal Control Weaknesses: The company reportedly had significant deficiencies in its internal controls over financial reporting, which hindered its capability to accurately handle acquisitions.
Misrepresentation of Remediation: SoundHound allegedly overstated its efforts and progress in correcting these internal control weaknesses.
Inflated Goodwill Reporting: Following the Amelia Acquisition, the company’s recorded goodwill was claimed to be inflated, requiring future corrections.
Acquisition Accounting Challenges: There were concerns that SoundHound would face delays and increased costs in accurately accounting for both the SYNQ3 and Amelia acquisitions.
Risk of Non-Compliance with SEC: Due to the company’s internal issues, there was a heightened risk of failing to submit financial reports to the Securities and Exchange Commission (SEC) on time.
Public Statements Misleading: These issues led to allegations that SoundHound’s public statements were misleading throughout the stated period.

Important Deadlines for Shareholders

Shareholders looking to join the class action should note that May 27, 2025, is a critical deadline. It is essential for interested parties to register before this date to ensure their participation.

To facilitate registration, potential shareholders can visit this link: Register to Participate.

Next Steps for Interested Shareholders

Once registration is completed, shareholders will receive regular updates regarding the status of the case. The Gross Law Firm offers a portfolio monitoring tool to keep registered shareholders informed throughout the legal process. Participation in the case incurs no costs or obligations for investors.

About the Gross Law Firm

The Gross Law Firm is a well-regarded national class action law firm specializing in protecting the rights of investors. The firm’s mission revolves around addressing issues of deceit, fraud, and unethical business practices that can harm individual investors. They aim to hold companies accountable for responsible business practices and work to recover losses incurred due to misleading information that artificially inflated stock prices.