The Gross Law Firm Notifies Shareholders of SoundHound AI, Inc.(SOUN) of a Class Action Lawsuit and an 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 Class Period and Allegations - The class period for the lawsuit is from May 10, 2024, to March 3, 2025 [3]. - Allegations include: - Material weaknesses in SoundHound's internal controls over financial reporting, affecting the company's ability to account for acquisitions [3]. - Overstatement of remediation efforts regarding these internal control weaknesses [3]. - Inflated reported goodwill following the Amelia Acquisition, which would require correction [3]. - Additional time and expense needed to account for the SYNQ3 and Amelia Acquisitions [3]. - Increased risk of failing to timely file financial reports with the SEC [3]. - Public statements made by the company were materially false and misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 27, 2025, to participate in the case [4]. - Registration includes enrollment in a portfolio monitoring software for status updates throughout the case lifecycle [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to stock inflation [5].