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SOUNDHOUND ALERT: Bragar Eagel & Squire, P.C. is Investigating SoundHound AI, Inc. on Behalf of SoundHound Stockholders and Encourages Investors to Contact the Firm

1. Bragar Eagel & Squire is investigating SoundHound for potential securities law violations. 2. SoundHound filed a late Form 10-K due to complex accounting issues. 3. The company identified material weaknesses in financial reporting controls. 4. SoundHound's stock dropped 5.8% following the late filing announcement. 5. Legal investigation could lead to further scrutiny of SoundHound's practices.

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Why Bearish?

The late filing and legal investigation may signal serious internal control issues, reminiscent of past cases like Theranos, which saw significant stock declines. Investors often react negatively to such news, fearing further transparency problems.

How important is it?

The news directly addresses financial compliance issues within SoundHound, critical for investor confidence and share price stability.

Why Short Term?

The immediate response from investors has been negative, indicating potential volatility until clarity is provided regarding the investigation and financial reporting.

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SOUNAAPLGOOGL
NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against SoundHound AI, Inc. (“SoundHound” or the “Company”) (NASDAQ:SOUN) on behalf of SoundHound stockholders. Our investigation concerns whether SoundHound has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. 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 said 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." Following this news, SoundHound stock dropped 5.8% on March 4, 2025. If you purchased or otherwise acquired SoundHound shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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