Levi & Korsinsky Investigates SoundHound AI, Inc. for Potential Securities Law Violations
New York, NY – March 15, 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) for potential violations of federal securities laws. The investigation follows the Company’s filing of 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
SoundHound AI is a leading innovator in voice-enabled AI technologies, developing products for music discovery and interaction with connected devices. The Company’s flagship product, Houndify, is a voice AI platform designed to enable businesses to create their own voice apps and conversational interfaces. SoundHound AI’s technology is used in various applications, including automotive, smart home, and mobile devices.
Investigation Details
The investigation concerns potential securities laws violations related to the accuracy and completeness of the information provided in SoundHound AI’s public filings, including its Form 10-K for the fiscal year ended December 31, 2024. The investigation focuses on whether the Company and its executives made false or misleading statements or failed to disclose material information to investors.
Impact on Shareholders
The investigation may have significant implications for SoundHound AI shareholders. If it is determined that the Company and its executives have violated securities laws, they could face fines, penalties, and even criminal charges. Moreover, the investigation could result in increased scrutiny from regulatory bodies and the market, potentially leading to a decline in the Company’s stock price.
Impact on the World
The investigation also has wider implications for the technology industry and the world at large. It underscores the importance of transparency and accuracy in corporate reporting, particularly in the rapidly evolving field of AI and voice recognition technology. Additionally, it highlights the potential risks and challenges associated with investing in technology companies, particularly those that are still in their growth phase.
Conclusion
Levi & Korsinsky’s investigation of SoundHound AI is a reminder of the importance of accuracy and transparency in corporate reporting. Shareholders and the broader investment community rely on the information provided in public filings to make informed decisions. If it is determined that SoundHound AI and its executives have violated securities laws, it could have significant consequences for the Company and its investors. The investigation also serves as a reminder of the risks and challenges associated with investing in technology companies, particularly those in the growth phase. As the investigation unfolds, we will continue to monitor developments closely and provide updates as necessary.
- Levi & Korsinsky commences investigation of SoundHound AI, Inc. for potential securities law violations.
- Company filed a Notification of Late Filing (Form 12b-25) with the SEC regarding its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
- Investigation concerns potential inaccuracies and incompleteness in the Company’s public filings.
- Potential violations could result in fines, penalties, and criminal charges for the Company and its executives.
- Investigation could lead to increased scrutiny from regulatory bodies and the market, potentially impacting the Company’s stock price.
- The investigation highlights the importance of transparency and accuracy in corporate reporting, particularly in the technology industry.
