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Rosen Law Firm Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation - SOUN, SOUNW

1. Rosen Law Firm investigates potential claims against SoundHound for misleading information. 2. Investors may join class action without upfront costs to recover losses. 3. SoundHound filed a late 10-K report citing material weaknesses in financial controls. 4. Shares dropped 5.8% after the March 4 announcement regarding late filing. 5. Investor rights law firm highlights experienced counsel for potential claimants.

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FAQ

Why Bearish?

Allegations of misleading information typically cause negative investor sentiment and stock price drops. Historical precedents show similar issues lead to significant financial consequences and class actions, as seen in cases like Alert Logic.

How important is it?

The investigation by a prominent law firm indicates substantial risk for SoundHound shareholders. The potential class action may amplify scrutiny on the company's financial reporting, affecting investor confidence.

Why Short Term?

Initial reactions to class actions and financial disclosures usually trigger immediate stock price movements. As the situation evolves, more clarity on legal outcomes may stabilize or worsen the stock price further.

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SOUNW
NEW YORK, March 17, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public. So What: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=36267 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. What is this about: On March 4, 2025, SoundHound filed a Notification of Late Filing on Form 12b-25 with the SEC stating that the Company would be unable to file its 10-K annual report for the fiscal year ended December 31, 2024 within the prescribed time period. The Notification of Late Filing explained that, "[d]ue to the complexity of accounting for [the Company's prior acquisitions of Synq3, Inc. and Amelia Holdings, Inc.], the Company requires additional time to prepare financial statements and accompanying notes." The Notification of Late Filing further stated that the Company "has identified material weaknesses in its internal control over financial reporting. These material weaknesses continue to exist as of December 31, 2024. The Company expects to file its Form 10-K within the fifteen-day period provided under Rule 12b-25, no later than by March 18, 2025." On this news, SoundHound shares fell 5.8% on March 4, 2025. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq.      Phillip Kim, Esq.      The Rosen Law Firm, P.A.      275 Madison Avenue, 40th Floor      New York, NY 10016      Tel: (212) 686-1060      Toll Free: (866) 767-3653      Fax: (212) 202-3827      [email protected]      www.rosenlegal.com SOURCE THE ROSEN LAW FIRM, P. A.

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