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425 ·Filed Apr 21, 2026

SOUNW

SOUNDHOUND AI, INC.
MIXED
Impact 7/10
Horizonmonths Processed6mo ago SEC0001213900-26-045991
Rule 425 M&A communications
Actionable Insight ◆ Mixed

Monitor LivePerson shareholder approval and regulatory approvals, as the deal's success hinges on these factors. The concurrent debt restructuring adds complexity and could impact the timeline.

DirectionMixed
Confidencehigh
Horizonmonths
Final: all horizons settled through T+60d ⚠ clustered
SOUNW ▼ -37.60% at T+60d
NEUTRAL call -37.60% · α vs SPY -44.50% · entry $2.70 → $1.69
Entry = T+0 close
Apr 21, 2026
via day close
T+1d
0.00%
call 0.00% · α -1.02%
$2.70
settled 6mo ago
T+5d
0.00%
call 0.00% · α -1.08%
$2.70
settled 6mo ago
T+20d
0.00%
call 0.00% · α -4.92%
$2.70
settled 5mo ago
T+60d
-37.60%
call -37.60% · α -44.50%
$1.69
settled 3mo ago

Price Chart

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Executive Summary

SoundHound AI (SOUN) is acquiring LivePerson, Inc. in an all-stock merger valued at approximately $42.8 million in equity consideration. The deal is contingent on LivePerson shareholder approval and includes a concurrent restructuring of LivePerson's $336.7 million in secured debt, where noteholders will receive stock and cash from SoundHound. This complex transaction combines a strategic acquisition with a significant debt resolution for the target.

Key Financial Metrics

Deal Value
$42.8M
Deal Type
acquisition

Key Facts

  • SoundHound AI is acquiring LivePerson in an all-stock merger valued at approximately $42.8 million in equity consideration.
  • The deal is contingent on LivePerson shareholder approval.
  • The transaction includes a concurrent restructuring of LivePerson's $336.7 million in secured debt.
  • Noteholders will receive stock and cash from SoundHound as part of the debt restructuring.
  • The merger agreement was filed on April 21, 2026.

Financial Impact

The merger is valued at approximately $42.8 million in equity consideration, with an additional $336.7 million in debt restructuring.

debtdilutionequity

Risk Factors

  • Failure to obtain LivePerson shareholder approval
  • Inability to obtain required regulatory approvals
  • Complexity of concurrent debt restructuring

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software

Investment Themes

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001213900-26-045991
Document: ea028711701ex10-1.htm0001213900-26-045991
Document: ea0287117-8k425_sound.htm0001213900-26-045991
5 reports for SOUNW
Performance horizon
Filters
Rows
Reports for SOUNW, sortable and filterable
TypeNow
May 27, 2026
21w ago
8-K
NEUTRAL ★ 5/10
$2.70 $1.91▼ −29.26%▼ −26.12%No price
May 11, 2026
24w ago
S-3ASR
MIXED ★ 7/10
$2.70 $2.70· 0.00%▲ +1.73%No price
May 7, 2026
24w ago
8-K
MIXED ★ 6/10
$2.70 $2.70· 0.00%▼ −0.02%No price
Apr 21, 2026
27w ago
425
MIXED ★ 7/10
$2.70 $2.70· 0.00%▼ −4.92%No price
Apr 21, 2026
27w ago
8-K
MIXED ★ 7/10
$2.70 $2.70· 0.00%▼ −4.92%No price
Showing 5 of 5

US Market Status

Market Closed · Opens in 5h 52m

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Report published Apr 21, 2026