LivePerson urges stockholder vote on SoundHound AI acquisition

LivePerson (NASDAQ: LPSN) has mailed a letter to stockholders urging them to vote in favor of its pending acquisition by SoundHound AI (NASDAQ: SOUN), with a special stockholder meeting scheduled for August 20, 2026.

The transaction, announced April 21, 2026, would give most LivePerson stockholders SoundHound AI shares valued at approximately $3.33 per LivePerson share as of the announcement date, representing a roughly 22% premium over LivePerson's 30-day volume-weighted average price prior to the announcement. Stockholders holding shares listed on the Tel Aviv Stock Exchange are expected to receive an equivalent cash value instead.

LivePerson's board of directors contacted 66 potential counterparties before selecting the SoundHound AI transaction as the preferred outcome. The company's outstanding debt currently exceeds the total value of the transaction, at approximately $350 million par value. As part of the deal, secured noteholders have agreed to exchange their notes at a substantial discount to that par value.

SoundHound AI has stated that, assuming the transaction closes in the second half of 2026, it expects the combined company to generate at least $350 million to $400 million in revenue in 2027, with a potential path to $500 million based on the existing customer base.

The combined entity would serve 25 of the Fortune 100 companies, according to the press release statement.

Stockholders of record as of July 6, 2026 are eligible to vote. Proxy votes must be received by 11:59 p.m. Eastern Time on August 19, 2026. Approval requires an affirmative vote from a majority of all outstanding shares of LivePerson common stock. Shares not voted count as votes against the transaction.

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