SoundHound AI, Inc. (NASDAQ: SOUN)

This lawsuit is for anyone who acquired securities in SoundHound AI, Inc. (NASDAQ: SOUN) from May 10, 2024 through March 03, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had adequate financial controls to account for acquisitions when the Company lacked such controls.

On March 4, 2025, SoundHound disclosed that it would be unable to timely file its 2024 financial report due to “the complexity of accounting for” the Company’s previously disclosed acquisitions of Synq3, Inc. and Amelia Holdings, Inc. Additionally, the Company stated that its previously-disclosed “material weaknesses in its internal control over financial reporting . . . continue to exist as of December 31, 2024.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SoundHound AI, Inc. (NASDAQ: SOUN) from May 10, 2024 through March 03, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.