The Gross Law Firm Notifies SoundHound AI, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound AI made materially false and misleading statements [3]. - Specific allegations include: - Material weaknesses in internal controls over financial reporting that impaired the company's ability to account for corporate acquisitions [3]. - Overstatement of the remediation of these weaknesses, leading to inflated goodwill following the Amelia Acquisition [3]. - Increased time and expense required to account for the SYNQ3 and Amelia Acquisitions [3]. - Heightened risk of failing to timely file certain financial reports with the SEC [3]. - Overall, the company's public statements were materially false and misleading throughout the relevant period [3]. Class Action Details - The deadline for shareholders to register for the class action is May 27, 2025 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software for status updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].