Levi & Korsinsky Investigates SoundHound AI, Inc.: Possible Securities Law Violations
New York, NY – In a recent development, Levi & Korsinsky, a leading securities law firm, announced the initiation of an investigation into SoundHound AI, Inc. (SOUN) regarding potential securities law violations. The investigation comes in response to the company’s filing of a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission (SEC) concerning its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
Background
SoundHound AI, Inc. is a leading innovator in voice-enabled AI and conversational interfaces. The company’s mission is to bring the human and computer interaction to the next level by creating a more natural and intuitive way for users to interact with technology. SoundHound’s products include its Houndify voice AI platform, Houndify Developer, and the Hound app.
The Investigation
Levi & Korsinsky’s investigation focuses on potential securities law violations related to SoundHound AI’s filing of its Annual Report on Form 10-K. The filing, which was due on February 28, 2025, was not submitted until March 10, 2025, more than 14 days late. The SEC requires publicly traded companies to file their annual reports within 120 days after the end of their fiscal year.
Implications for Investors
Late filings can be a red flag for investors, indicating potential issues within a company. In the case of SoundHound AI, the late filing raises questions about the company’s financial health and potential compliance with securities laws. The investigation by Levi & Korsinsky adds to the uncertainty surrounding the company and its stock. Investors who purchased SOUN stock prior to the filing of the Form 10-K may be able to recover their losses through a securities class action lawsuit.
Global Impact
The investigation into SoundHound AI’s securities filings is not only significant for the company and its investors but also for the broader technology industry. Late filings and potential securities law violations can damage a company’s reputation and erode investor confidence. The investigation may also lead to increased scrutiny of other technology companies and their financial reporting practices.
Conclusion
The initiation of an investigation by Levi & Korsinsky into SoundHound AI, Inc.’s potential securities law violations is a serious matter that raises concerns for investors and the broader technology industry. The late filing of the company’s Annual Report on Form 10-K is a red flag that requires further investigation. As the situation develops, investors and industry observers will be closely watching for updates and potential legal action.
- Levi & Korsinsky initiates investigation into SoundHound AI, Inc. concerning possible securities law violations.
- Investigation follows late filing of Annual Report on Form 10-K.
- Late filings can indicate potential issues within a company and damage investor confidence.
- Investors who purchased SOUN stock prior to the filing may be able to recover losses.
- Investigation may lead to increased scrutiny of other technology companies and their financial reporting practices.
