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425 ·Filed Jul 24, 2026

SOUN

SOUNDHOUND AI, INC.
BULLISH
Impact 6/10
Horizonweeks Processed3mo ago SEC0001213900-26-081089
Rule 425 M&A communications
Actionable Insight ▲ Bullish

The final regulatory clearance removes a key overhang — watch for the LivePerson stockholder vote date announcement as the next catalyst. A successful vote would clear the last hurdle to close, potentially driving SOUN shares as the deal advances.

DirectionBullish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
SOUN ▼ -24.51% at T+60d
LONG call ✗ call lost -24.51% · α vs SPY -28.24% · entry $6.16 → $4.65
Entry = T+0 close
Jul 24, 2026
via day close
T+1d
+4.06%
call +4.06% · α +4.04%
$6.41
settled 3mo ago
T+5d
-0.32%
call -0.32% · α -0.70%
$6.14
settled 3mo ago
T+20d
+18.83%
call +18.83% · α +15.21%
$7.32
settled 2mo ago
T+60d
-24.51%
call -24.51% · α -28.24%
$4.65
settled 8d ago

Price Chart

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Executive Summary

SoundHound AI announced it received the final foreign investment clearance from Bulgaria on July 20, 2026, satisfying all regulatory approval conditions for its pending acquisition of LivePerson. The deal now only requires LivePerson stockholder approval to close, removing a key uncertainty and advancing the timeline toward completion.

Key Financial Metrics

Deal Value
$42.8M
Deal Type
merger

Key Facts

  • All foreign investment approvals for the LivePerson acquisition have been received: Italy and Canada (June 25), Germany (June 29), UK (July 1), and Bulgaria (July 20, 2026).
  • The only remaining closing condition is LivePerson stockholder approval.
  • The deal is structured as a two-step merger with base aggregate consideration of $42.78 million in SoundHound stock (subject to a $7-$12 collar) plus up to $7.5 million cash for TASE shares.
  • Expected closing by October 21, 2026, per the original merger agreement.

Financial Impact

Removal of regulatory risk clears path to close acquisition of LivePerson for ~$42.78M in stock plus up to $7.5M cash.

deal completion probabilityregulatory risk

Risk Factors

  • LivePerson stockholder approval may still be delayed or denied.
  • Integration risks post-close could weigh on combined entity performance.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
80% bullish (15 analysts)

Investment Themes

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001213900-26-081089
Document: 0001213900-26-081089-index-headers.html0001213900-26-081089
Document: 0001213900-26-081089-index.html0001213900-26-081089
Document: 0001213900-26-081089.txt0001213900-26-081089
21 reports for SOUN
Performance horizon
67% Hit rate @ T+20 4 of 6 directional calls Went positive at some point 5 of 6 best @ T+20▲ +43.05%Apr 9, 2026
Filters
Rows
Reports for SOUN — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
Press Release
NEUTRAL ★ 1/10
$4.43awaiting T+20—$4.32 (−2.37%)
Sep 21, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$6.12 $4.70▲ +23.20%▲ +22.64%$4.32 (+29.33%)
Sep 17, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$5.93 $4.72▲ +20.40%▲ +20.61%$4.32 (+27.07%)
Sep 9, 2026
6w ago
3
NEUTRAL ★ 2/10
$6.28 $5.52▼ −12.10%▼ −14.23%$4.32 (−31.13%)
Sep 4, 2026
7w ago
8-K
NEUTRAL ★ 4/10
$6.74 $5.88▼ −12.76%▼ −13.36%$4.32 (−35.83%)
Sep 4, 2026
7w ago
Press Release
BULLISH ★ 6/10
$6.74 $5.88▼ −12.76%▼ −13.36%$4.32 (−35.83%)
Jul 24, 2026
13w ago
425
BULLISH ★ 6/10
$6.16 $7.32▲ +18.83%▲ +15.21%$4.32 (−29.79%)
Jul 24, 2026
13w ago
8-K
MIXED ★ 5/10
$6.16 $7.32▲ +18.83%▲ +15.21%$4.32 (−29.79%)
Jul 10, 2026
15w ago
EFFECT
NEUTRAL ★ 4/10
$6.64 $8.02▲ +20.78%▲ +18.36%$4.32 (−34.86%)
Jul 2, 2026
16w ago
S-4/A
NEUTRAL ★ 4/10
$6.55 $6.14▼ −6.26%▼ −5.84%$4.32 (−33.97%)
Showing 10 of 21

US Market Status

Market Open — Closes in 6h 1m

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Report published Jul 24, 2026