Background on the Investigation

The Rosen Law Firm, an established legal firm focused on investor rights, has announced the commencement of an investigation concerning SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW). This inquiry is aimed at evaluating potential securities claims linked to allegations that the company may have disseminated significantly misleading information regarding its business practices to investors.

Potential Implications for Investors

Investors who purchased shares of SoundHound may qualify for compensation through a contingency fee framework, meaning they do not incur any upfront legal fees. The Rosen Law Firm is currently preparing to file a class action lawsuit with the objective of recovering losses incurred by affected shareholders.

What You Should Know

On March 4, 2025, SoundHound filed a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission (SEC), confirming its inability to submit its annual 10-K report by the deadline. The notice attributed this delay to the complex accounting requirements arising from the company’s prior acquisitions, specifically Synq3, Inc. and Amelia Holdings, Inc. It detailed ongoing material weaknesses in its internal controls over financial reporting, which persist as of December 31, 2024. SoundHound anticipates submitting its Form 10-K by March 18, 2025.

Following this announcement, the company’s stock experienced a notable decline, falling by 5.8% on the same day.

Next Steps for Interested Investors

To participate in the forthcoming class action, interested parties are encouraged to visit this link, contact Phillip Kim, Esq., at 866-767-3653, or send an email to ca**@ro********.com for further details regarding the process.

Reasons to Choose Rosen Law Firm

Rosen Law Firm emphasizes the importance of selecting experienced legal representation, especially in complex securities class actions. With a proven success record and recognition as a leader in this field, the firm has secured significant settlements for investors, including over $438 million in 2019 alone. The firm has consistently ranked among the top legal firms for securities class action settlements.

Several attorneys from the firm have gained accolades from prominent legal organizations, reinforcing their commitment to protecting investor interests.