Important Update for Shareholders of SoundHound AI, Inc.

Author: Owen Jenkins Updated: 04-10-2025 06:00 AM

Understanding Your Rights as a Shareholder

As a shareholder of SoundHound AI, Inc. (NASDAQ: SOUN), it's crucial to stay informed about your rights, especially if you acquired shares during a specified class period. Shareholders who purchased shares during the relevant timeframe should be aware of the opportunities available for potential claims. It's essential to keep track of important dates and deadlines to safeguard your interests.

Class Period Overview

For those involved, the class period for SoundHound AI spans from May 10, 2024, to March 3, 2025. During this time, significant events transpired that may have impacted shareholder value. The complaint alleges that the company made misleading statements about its financial reporting and the effectiveness of its internal controls.

Allegations Against SoundHound AI

The allegations outlined in the complaint center around several key issues, including:

Material weaknesses in internal controls over financial reporting, which hampered the company's ability to report effectively on corporate acquisitions.
Overstatements by the company concerning the remediation of these weaknesses.
Inflation in reported goodwill following the Amelia Acquisition, which is now deemed necessary to correct.
Increased time and resources required to accurately report on the SYNQ3 and Amelia Acquisitions.
Potential delays in filing financial reports with regulatory authorities.

These factors contributed to a risk that the company’s public disclosures were materially misleading.

Important Deadlines to Remember

As a shareholder, it is advised to register with the appropriate firm before the deadline of May 27, 2025, for potential participation in any class action lawsuit. It's imperative that shareholders take timely action to ensure their rights are protected.

How to Register

If you wish to register as a shareholder of SoundHound AI, doing so will also provide you with continuous updates on the case through portfolio monitoring software. It’s a key step for those who are considering becoming a lead plaintiff, although this is not a requirement for any recovery to take place.

Why Choose Legal Representation

Engaging with a law firm such as The Gross Law Firm can be beneficial for shareholders. With a commitment to protecting investors from wrongdoing, this nationally recognized class action firm aims to ensure that companies uphold ethical practices and provide realistic disclosures. As investors, shareholders deserve transparency to avoid any harmful impacts from misleading information.

Contact Information for Support

If you want to discuss your rights or have inquiries regarding your involvement as a shareholder, reaching out can provide clarity. The Gross Law Firm operates with a dedication to investor rights.

Frequently Asked Questions

What is the class period for SoundHound AI shares?

The class period for shares of SoundHound AI, Inc. runs from May 10, 2024, to March 3, 2025.

What are the allegations against SoundHound AI?

The allegations include misleading statements about financial reporting and the company’s internal controls, among other concerns.

How do I register for the class action?

Shareholders can register before the deadline of May 27, 2025, to ensure their rights are acknowledged in any potential class action.

What law firm is handling this case?

The Gross Law Firm is managing the class action and is dedicated to representing the interests of shareholders.

Is there a cost to participate in the class action?

No, participating in the case involves no cost or obligation for registered shareholders.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.