SOUN Class Action Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the SoundHound AI, Inc. Class Action

Core Viewpoint - A class action has been filed against SoundHound AI, Inc. for failing to disclose material weaknesses in its internal controls over financial reporting, particularly related to corporate acquisitions [1][2]. Group 1: Allegations and Internal Controls - The complaint alleges that SoundHound did not disclose material weaknesses in its internal controls, which impaired its ability to account for corporate acquisitions effectively [2]. - SoundHound overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - The company is expected to require additional time and resources to account for the SYNQ3 and Amelia Acquisitions due to these weaknesses [2]. Group 2: Stock Price Impact - Following the disclosure of its inability to timely file its Annual Report for 2024, SoundHound's stock price fell by $0.61 per share, or 5.86$9.72 per share on March 4, 2025 [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against SoundHound AI, with options to serve as lead plaintiff or remain an absent class member [4].