Form 8-K SOUNDHOUND AI, INC. For: Apr 09

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Go back to Form 8-K SOUNDHOUND AI, INC. For: Apr 09

SoundHound AI (SOUN) enters Equity Distribution Agreement

April 10, 2024 6:46 AM EDT

SoundHound AI (NASDAQ: SOUN) disclosed:

On April 9, 2024 SoundHound AI, Inc. (the Company) entered into an Equity Distribution Agreement (the Agreement) with Citigroup Global Markets Inc., Barclays Capital Inc., Wedbush Securities Inc., Northland Securities, Inc. and Ladenburg Thalmann & Co. Inc., as sales managers and/or principals (each, a Manager and collectively, the Managers), with respect to an at-the-market equity program under which the Company may offer and sell up to $150,000,000 of shares of its Class A common stock, par value $0.0001 per share (the Shares) from time to time through the Managers (the ATM Offering). Under the Agreement, the... More