SOUN INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that SoundHound AI, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on internal control weaknesses and financial reporting issues [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit, titled Liles v. SoundHound AI, Inc., involves purchasers of SoundHound securities from May 10, 2024, to March 3, 2025, who have until May 27, 2025, to seek lead plaintiff status [1]. - The lawsuit alleges that SoundHound made false or misleading statements regarding its internal controls over financial reporting, particularly related to its acquisitions of Amelia Holdings, Inc. and SYNQ3 [3][4]. - On March 4, 2025, SoundHound disclosed its inability to timely file its annual report for 2024, citing complexities in accounting for its acquisitions and identified material weaknesses in internal controls, leading to a nearly 6% drop in stock price [4]. Group 2: Allegations Against SoundHound - The lawsuit claims that SoundHound overstated its remediation efforts regarding internal control weaknesses, which inflated reported goodwill from its acquisition of Amelia Holdings [3]. - It is alleged that SoundHound would require additional time and resources to properly account for its acquisitions, increasing the risk of delayed financial report filings with the U.S. Securities and Exchange Commission [3][4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit, which is one of the leading law firms in securities fraud and shareholder litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone, and is recognized for securing significant monetary relief in securities class action cases [6].