Important Notice to Shareholders of SoundHound AI, Inc.
NEW YORK, April 03, 2025 – The Gross Law Firm, a leading securities law firm, today notified shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) of a potential securities class action lawsuit. The firm is investigating potential claims against the company and certain of its officers and directors for violating federal securities laws.
Background
SoundHound AI, Inc., a leading innovator in voice recognition technology, went public through a reverse merger with Shift Technologies Inc. in October 2020. The company’s flagship product, Houndify, is an intelligent voice platform used in various applications, including cars, homes, and mobile devices. The company’s stock has seen significant volatility since its IPO, with shares trading as low as $2.50 in December 2020 and as high as $15.50 in March 2023.
Investigation
The Gross Law Firm is investigating potential securities fraud claims on behalf of shareholders who purchased or otherwise acquired SoundHound AI securities between October 2020 and February 2025. The investigation focuses on whether the company and its executives made false and misleading statements regarding the company’s financial condition and business prospects.
Impact on Shareholders
If you purchased or otherwise acquired SoundHound AI securities during the investigation period and suffered losses, you may be eligible to participate in the securities class action. The deadline to request appointment as lead plaintiff is June 1, 2025. To learn more, contact The Gross Law Firm at 888-297-1277 or [email protected].
Impact on the World
The investigation and potential lawsuit against SoundHound AI could have significant implications for the voice recognition technology industry and the broader tech sector. If the allegations are proven, it could lead to increased scrutiny of other tech companies and their financial reporting practices. It could also result in increased regulatory oversight and potential legislation aimed at enhancing transparency and accountability in the tech industry.
Conclusion
The Gross Law Firm’s investigation into SoundHound AI is ongoing, and shareholders who purchased or otherwise acquired the company’s securities between October 2020 and February 2025 are encouraged to contact the firm for more information. The potential lawsuit could have far-reaching implications for the voice recognition technology industry and the broader tech sector. As always, investors are encouraged to carefully review the information disclosed by companies and consult with their financial advisors before making investment decisions.
- If you purchased or otherwise acquired SoundHound AI securities between October 2020 and February 2025 and suffered losses, you may be eligible to participate in the securities class action.
- The deadline to request appointment as lead plaintiff is June 1, 2025.
- The investigation could have significant implications for the voice recognition technology industry and the broader tech sector.
- Investors are encouraged to carefully review the information disclosed by companies and consult with their financial advisors before making investment decisions.
