NEW YORK, April 10, 2025 /PRNewswire/ --
The Gross Law Firm issues the following notice to shareholders of
SoundHound AI, Inc. (NASDAQ: SOUN).
Shareholders who purchased shares of SOUN during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not required
to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=141953&from=4
CLASS PERIOD:
May 10, 2024 to March 3, 2025
ALLEGATIONS:
The complaint alleges that during the class period, Defendants issued
materially false and/or misleading statements and/or failed to
disclose that:
- The material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions;
- In addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting;
- As a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected;
- Further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions;
- The foregoing increased the risk that the Company would be unable to timely file certain financial reports with the SEC;
- As a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE:
May 27, 2025. Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=141953&from=4
NEXT STEPS FOR SHAREHOLDERS:
Once you register as a shareholder who purchased shares of SOUN during
the timeframe listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the lifecycle of
the case. The deadline to seek to be a lead plaintiff is May 27, 2025.
There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM?
The Gross Law Firm is a nationally recognized class action law firm,
and our mission is to protect the rights of all investors who have
suffered as a result of deceit, fraud, and illegal business practices.
The Gross Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate citizenship.
The firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the company's
stock. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm
