Levi & Korsinsky Investigates SoundHound AI, Inc. for Potential Securities Law Violations
NEW YORK, NY / ACCESS Newswire / March 8, 2025
Levi & Korsinsky, a leading securities law firm, has announced that it is investigating SoundHound AI, Inc. (SOUN) for potential violations of federal securities laws. The investigation comes after SoundHound filed a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission (SEC) regarding its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
Background on SoundHound AI, Inc.
SoundHound AI, Inc. is a leading innovator in voice-enabled AI technologies, including its proprietary Houndify voice AI platform. The company’s mission is to “make interaction between humans and machines simple and intuitive” through its voice AI technology. SoundHound AI, Inc. has partnerships with numerous companies, including Mercedes-Benz, Hyundai, and Bosch, to integrate its voice AI technology into various products and services.
The Investigation
Levi & Korsinsky’s investigation focuses on whether SoundHound AI, Inc. and its management team violated securities laws by making false and misleading statements regarding the company’s financial condition and business prospects. The investigation is based on the company’s late filing of its Form 10-K, which was originally due on February 28, 2025. The Form 12b-25 filing states that the delay in filing is due to the need for additional time to prepare the financial statements and related disclosures.
Impact on Investors
The investigation may have significant implications for SoundHound AI, Inc. investors. If it is determined that the company and its management team violated securities laws, they could face financial penalties, including damages to investors. Additionally, the investigation could negatively impact the company’s stock price, as investors may become hesitant to invest in a company under investigation.
Impact on the World
The investigation may also have broader implications for the voice AI industry and the technology sector as a whole. If it is determined that SoundHound AI, Inc. made false or misleading statements regarding its financial condition or business prospects, it could lead to increased scrutiny of other voice AI companies and their financial reporting practices. Additionally, it could potentially impact the public’s perception of voice AI technology and its potential applications.
Conclusion
The investigation into SoundHound AI, Inc. by Levi & Korsinsky is a significant development for the company and its investors. The potential securities law violations could lead to financial penalties and negative impacts on the company’s stock price. Additionally, the investigation could have broader implications for the voice AI industry and the technology sector as a whole. As the investigation progresses, it is important for investors and industry observers to stay informed about any developments.
- Levi & Korsinsky is investigating SoundHound AI, Inc. for potential securities law violations.
- The investigation stems from the company’s late filing of its Form 10-K for the fiscal year ended December 31, 2024.
- The investigation could have significant implications for SoundHound AI, Inc. investors.
- The investigation could also have broader implications for the voice AI industry and the technology sector as a whole.
