SecBot SecBot
8-K ·Filed Jul 2, 2026

LPSN

LIVEPERSON INC
BULLISH
Impact 6/10
Horizonmonths Processed3mo ago SEC0001193125-26-294943
8-K Item 1.01 + 5.02 (likely routine officer/director compensation agreement)
Actionable Insight ▲ Bullish

LPSN shareholders should monitor the proxy statement and stockholder vote timeline; the deal is structured to close by late October 2026 but regulatory approvals and Notes Restructuring are key gating items. The variable consideration tied to SOUN's stock price with a $7 floor and $12 cap means LPSN holders' realized value depends on SOUN's stock performance during the ten-day VWAP window.

DirectionBullish
Confidencehigh
Horizonmonths
Latest settled — T+20d ⚠ clustered
LPSN ▼ -7.77% at T+20d
LONG call ✗ call lost -7.77% · α vs SPY -7.36% · entry $1.93 → $1.78
Next anchor: T+60d due 28d ago
Entry = T+0 close
Jul 2, 2026
via day close
T+1d
-3.11%
call -3.11% · α -3.98%
$1.87
settled 4mo ago
T+5d
-5.70%
call -5.70% · α -6.63%
$1.82
settled 4mo ago
T+20d
-7.77%
call -7.77% · α -7.36%
$1.78
settled 3mo ago
T+60d
Pending
due 28d ago

Price Chart

Loading chart...

Executive Summary

SoundHound AI Inc. (SOUN) has entered into an Amended and Restated Merger Agreement to acquire LivePerson Inc. (LPSN) in a two-step merger. Non-TASE shareholders will receive SoundHound common stock (value floored/capped at $7/$12 per SOUN share) while TASE shareholders will receive cash, capped at $7.5M aggregate. The base equity consideration is approximately $42.8M, adjusted for LivePerson's cash balance and option exercises. The deal requires stockholder approval, SEC effectiveness, regulatory clearances, and consummation of Notes Restructuring; closing expected by Oct 21, 2026.

Key Financial Metrics

Deal Type
merger

Key Facts

  • SoundHound AI (SOUN) acquires LivePerson in two-step merger: non-TASE shares convert to SOUN stock, TASE shares convert to cash capped at $7.5M aggregate
  • Base Aggregate Consideration Amount is $42,784,532.64, adjusted for LivePerson's cash balance and in-the-money option exercise proceeds
  • SOUN closing stock price floored at $7/share and capped at $12/share (10-day VWAP with 3-day lag)
  • LivePerson board unanimously recommends adoption of the merger agreement
  • Termination fee of $5M plus SOUN's transaction expenses (capped at $3.75M in certain scenarios)
  • Conditions include LivePerson stockholder vote, SEC effectiveness of Form S-4, regulatory approvals under foreign investment laws, no material adverse effect, and completion of Notes Restructuring
  • Outside date Oct 21, 2026, extendable to Dec 5, 2026 if regulatory approvals pending

Financial Impact

Base aggregate equity consideration of $42.8M, subject to adjustments for LivePerson's cash balance and option exercises; TASE cash component capped at $7.5M

equity valueshare countcash position

Risk Factors

  • Failure to obtain stockholder approval could terminate the deal
  • Regulatory delays or denial under foreign investment laws could push closing past the outside date
  • Notes Restructuring Transactions condition must be satisfied concurrently with closing
  • SOUN stock price volatility affects the value of stock consideration (within the $7-$12 collar)
  • LivePerson's cash balance at closing reduces the Aggregate Consideration Amount via the Shortfall Cash mechanism

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
0% bullish (8 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-294943
Document: d319553d8k.htm0001193125-26-294943
Document: 0001193125-26-294943-index-headers.html0001193125-26-294943
Document: 0001193125-26-294943-index.html0001193125-26-294943
Document: 0001193125-26-294943.txt0001193125-26-294943
21 reports for LPSN
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for LPSN — sortable, filterable
TypeNow
Sep 10, 2026
6w ago
EFFECT
BEARISH ★ 6/10
—awaiting T+5——
Sep 2, 2026
7w ago
425
BULLISH ★ 7/10
$3.10awaiting T+5——
Sep 2, 2026
7w ago
425
NEUTRAL ★ 3/10
$3.10awaiting T+5——
Sep 2, 2026
7w ago
425
NEUTRAL ★ 3/10
$3.10awaiting T+5——
Aug 20, 2026
9w ago
425
MIXED ★ 6/10
$2.83 $2.82▼ −0.35%▼ −0.83%—
Aug 18, 2026
9w ago
425
NEUTRAL ★ 6/10
$2.88 $2.71▼ −5.90%▼ −5.52%—
Aug 17, 2026
9w ago
425
NEUTRAL ★ 3/10
$2.84 $2.77▼ −2.46%▼ −2.26%—
Aug 12, 2026
10w ago
DEFA14A
NEUTRAL ★ 5/10
$2.76 $2.88▲ +4.35%▲ +4.79%—
Aug 12, 2026
10w ago
425
BULLISH ★ 6/10
$2.76 $2.88▲ +4.35%▲ +4.79%—
Aug 11, 2026
10w ago
DEFA14A
NEUTRAL ★ 2/10
$2.76 $2.88▲ +4.35%▲ +4.79%—
Showing 10 of 21

US Market Status

Market Open — Closes in 2m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Jul 2, 2026