Levi & Korsinsky Investigates SoundHound AI, Inc. over Potential Securities Law Violations
New York, NY – March 17, 2025
Levi & Korsinsky, a leading securities law firm, announced today that it has initiated an investigation into SoundHound AI, Inc. (SOUN) regarding potential securities laws violations. The investigation stems from 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
SoundHound AI, Inc. is a leading innovator in voice-enabled AI and conversational interfaces. Its flagship product, Houndify, is a voice AI platform that enables companies to integrate voice capabilities into their products and services. The company’s stock began trading on the NASDAQ stock exchange in March 2023.
Investigation Details
The investigation concerns whether SoundHound AI, Inc. and certain of its officers or directors may have violated federal securities laws. Specifically, the firm is looking into the reasons behind the company’s delayed filing of its annual report. The SEC requires publicly traded companies to file their annual reports within 120 days of the end of their fiscal year.
Impact on Investors
The delayed filing raises concerns among investors about the company’s financial health and the potential for hidden issues. The investigation may result in increased scrutiny of SoundHound AI, Inc.’s business practices and financial reporting. Additionally, the investigation could lead to legal action against the company and its executives, which could negatively impact the stock price.
Impact on the World
The investigation into SoundHound AI, Inc. could have broader implications for the voice AI industry as a whole. If the investigation uncovers significant issues with the company’s financial reporting or business practices, it could lead to increased regulatory scrutiny and potentially damage the reputation of the industry. Additionally, investors may become more cautious about investing in voice AI companies, leading to a potential slowdown in investment and innovation in the sector.
Conclusion
The investigation into SoundHound AI, Inc. by Levi & Korsinsky is a serious matter that could have significant implications for the company, its investors, and the voice AI industry. As the investigation unfolds, it is important for investors to stay informed about developments and consider seeking legal advice if they believe they have been negatively impacted by the company’s actions. The outcome of the investigation could also serve as a reminder of the importance of transparency and accuracy in financial reporting for publicly traded companies.
- Levi & Korsinsky has initiated an investigation into SoundHound AI, Inc. regarding potential securities laws violations.
- The investigation stems from the company’s delayed filing of its annual report with the SEC.
- The investigation could result in increased scrutiny of SoundHound AI, Inc.’s business practices and financial reporting.
- The outcome of the investigation could have significant implications for the company, its investors, and the voice AI industry.
