Levi & Korsinsky Investigates SoundHound AI, Inc. for Potential Securities Law Violations
New York, NY – March 13, 2025
Levi & Korsinsky, a leading securities law firm, has announced that it has commenced an investigation of SoundHound AI, Inc. (“SoundHound AI” or “the Company”) (NASDAQ: SOUN) regarding potential securities laws violations. The investigation follows the Company’s filing of a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission (“SEC”) on March 12, 2025, regarding its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
Background on SoundHound AI
SoundHound AI is a technology company specializing in voice-activated artificial intelligence. Its flagship product, Hound, is a voice-enabled digital assistant that utilizes deep learning neural networks to recognize and respond to voice commands. The Company’s mission is to “redefine the way we interact with technology,” and it has partnerships with various automotive and consumer electronics companies.
Investigation Details
The investigation focuses on whether SoundHound AI and certain of its officers or directors have violated securities laws, including the Securities Exchange Act of 1934. The investigation stems from the Company’s failure to file its annual report on Form 10-K on a timely basis, which is required under SEC regulations. The reasons for the delay have not been disclosed.
Impact on Investors
The late filing of the Form 10-K could raise concerns for investors, as it may indicate issues within the Company’s financial reporting or internal controls. The investigation by Levi & Korsinsky adds to this uncertainty, and the stock price of SoundHound AI has seen significant volatility in response. It is important for investors to stay informed about the Company’s progress in addressing these issues.
- Investors may wish to monitor the Company’s filings with the SEC for updates on the investigation and the Form 10-K filing.
- They may also consider contacting Levi & Korsinsky for more information on the investigation and their potential role as a lead plaintiff in any securities class action.
Impact on the World
The investigation into SoundHound AI is not only significant for the Company’s investors but also for the broader technology industry. The timely filing of financial reports is essential for maintaining investor confidence and ensuring transparency. Late filings can negatively impact a company’s reputation and may lead to regulatory scrutiny. As voice-activated AI technology continues to evolve and gain popularity, it is crucial that companies in this space prioritize transparency and accurate reporting.
Conclusion
Levi & Korsinsky’s investigation into SoundHound AI is a reminder of the importance of accurate and timely financial reporting. The Company’s failure to file its annual report on Form 10-K on time has raised concerns among investors and the regulatory community. While the reasons for the delay are not yet known, it is crucial for SoundHound AI to address these issues promptly to maintain investor confidence and protect its reputation. The investigation also highlights the significance of transparency in the rapidly growing voice-activated AI industry.
Investors are encouraged to stay informed about the Company’s progress and consider seeking legal counsel if they believe they have suffered losses as a result of potential securities laws violations. The technology industry as a whole should take note and prioritize transparency in their reporting to maintain investor trust and regulatory compliance.
