SOUN INVESTOR NOTICE: SoundHound AI, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against SoundHound AI, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on the company's internal control weaknesses and financial reporting issues during a specified class period [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Liles v. SoundHound AI, Inc., and it allows purchasers of SoundHound securities from May 10, 2024, to March 3, 2025, to seek lead plaintiff status by May 27, 2025 [1][5]. - 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][3]. Group 2: Company Background - SoundHound provides an independent voice AI platform aimed at enhancing conversational experiences for businesses across various industries [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].