Wolf Haldenstein Adler Freeman & Herz LLP Informs Investors that a Class Action was Filed Against SoundHound AI, Inc.

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making misleading statements about its business operations, which adversely affected investors during the specified class period [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities that purchased SoundHound securities between May 10, 2024, and March 3, 2025 [1]. - Investors have until May 27, 2025, to request to be appointed as Lead Plaintiff in the class action [2]. - The complaint alleges that the defendants made materially false and misleading statements regarding the company's status, capabilities, and prospects, leading to significant adverse effects on investors [3]. Group 2: Financial Reporting Issues - On March 4, 2025, SoundHound disclosed it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions and identified material weaknesses in its internal controls over financial reporting [4]. - The 2024 10-K filing revealed that as of December 31, 2024, the company lacked effective controls for accounting for complex transactions, which impaired its ability to account for corporate acquisitions [4]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP is leading the legal efforts for investors affected by the misleading statements, emphasizing their expertise in securities litigation [5].