SoundHound AI Reports on Shareholder Vote and Warrants

TL;DR

SOUN shareholders voted on something important; warrants are still at $11.50.

AI Summary

SoundHound AI, Inc. filed an 8-K on June 14, 2024, reporting on a matter submitted to a vote of security holders on June 12, 2024. The filing details the company's common stock and warrants, with the warrants exercisable for one share of common stock at an exercise price of $11.50 per share, subject to adjustment.

Why It Matters

This filing provides transparency regarding shareholder decisions and the terms of outstanding warrants, which can impact future share dilution and company capitalization.

Risk Assessment

Risk Level: medium — The filing concerns shareholder votes and warrant terms, which can influence stock price and dilution, indicating a medium level of risk.

Key Numbers

• $11.50 — Warrant Exercise Price (This is the price at which warrants can be exercised to purchase common stock.)

Key Players & Entities

• SoundHound AI, Inc. (company) — Registrant
• June 12, 2024 (date) — Earliest event reported
• June 14, 2024 (date) — Filing date
• $11.50 (dollar_amount) — Warrant exercise price

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share SOUN The Nasdaq
• $11.50 — A Common Stock at an exercise price of $11.50 per share, subject to adjustment SOUN

Filing Documents

• ea0207907-8k_sound.htm (8-K) — 40KB
• 0001213900-24-052879.txt ( ) — 254KB
• soun-20240612.xsd (EX-101.SCH) — 4KB
• soun-20240612_def.xml (EX-101.DEF) — 26KB
• soun-20240612_lab.xml (EX-101.LAB) — 36KB
• soun-20240612_pre.xml (EX-101.PRE) — 25KB
• ea0207907-8k_sound_htm.xml (XML) — 6KB

07 Submission of Matters to a Vote

Item 5.07 Submission of Matters to a Vote of Security Holders. On June 12, 2024, SoundHound AI, Inc. (the " Company ") completed its 2024 annual meeting of stockholders (the " Annual Meeting "). The number of shares of Class A common stock, par value $0.0001 per share (the " Class A Common Stock "), entitled to vote at the Annual Meeting was 287,715,003 shares and the number of shares of Class B common stock, par value $0.0001 per share (the " Class B Common Stock " and, together with the Class A Common Stock, the " Voting Stock "), entitled to vote at the Annual Meeting was 32,735,408 shares. Stockholders were entitled to one vote for each share of Class A Common Stock owned and 10 votes for each share of Class B Common Stock owned. The number of shares of Voting Stock present or represented by valid proxy at the Annual Meeting was 167,689,284 shares representing 462,307,956 votes. At the Annual Meeting, the Company's stockholders (i) re-elected each of Dr. Keyvan Mohajer, James Hom, Larry Marcus, Diana Sroka and Dr. Eric Ball as directors, (ii) ratified the appointment by the board of directors (the " Board ") of the Company of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, (iii) approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers, and (iv) selected, on a non-binding, advisory basis, three years as the frequency of conducting future stockholder advisory votes on named executive officer compensation. The following is a tabulation of the voting on the proposals presented at the Annual Meeting: Proposal No. 1 – Election of directors Dr. Keyvan Mohajer, James Hom, Larry Marcus, Diana Sroka and Dr. Eric Ball were elected to serve until the 2025 annual meeting of stockholders or until his or her successor is duly elected and qualified or until his or her earlier resignation or removal or otherwise is disqualified from serving a

View Full Filing

View this 8-K filing on SEC EDGAR