SoundHound AI, Inc. reported that it has cleared a key regulatory hurdle in its pending acquisition of LivePerson, Inc. The company said that on July 20, 2026, it received the final required foreign investment clearance from the relevant Bulgarian authority, satisfying all regulatory approval conditions for the proposed merger transaction. The update relates to SoundHound’s previously announced Amended and Restated Merger Agreement dated July 2, 2026, among SoundHound AI, Lightspeed Merger Sub Inc., Lightspeed Merger Sub II Inc., and LivePerson. Under the agreement, Lightspeed Merger Sub Inc., an indirect wholly owned subsidiary of SoundHound, will merge with and into LivePerson, with LivePerson surviving as an indirect wholly owned subsidiary of SoundHound. Immediately afterward, Lightspeed Merger Sub II Inc., also an indirect wholly owned SoundHound subsidiary, will merge with and into LivePerson, with LivePerson again surviving as an indirect wholly owned subsidiary of SoundHound. SoundHound said foreign investment approvals had already been obtained in several jurisdictions before the Bulgarian clearance. Italian and Canadian regulatory authorities granted clearance on June 25, 2026; the German authority granted clearance on June 29, 2026; and the United Kingdom authority granted clearance on July 1, 2026. Bulgaria’s July 20 clearance was the last of the required foreign investment approvals. The Form 8-K was filed under Item 8.01, “Other Events,” and does not report an insider stock sale, purchase, option exercise, or other beneficial ownership transaction. As a result, there are no Form 4-style transaction codes, share counts, prices, vesting terms, or post-transaction insider ownership figures disclosed in this filing. Although the regulatory approval condition has now been satisfied, the transaction has not yet closed. SoundHound stated that the mergers remain subject to other closing conditions, including approval by LivePerson stockholders. The company also reiterated that the transaction is covered by a Form S-4 registration statement and a proxy statement/prospectus for LivePerson stockholders, reflecting that SoundHound common stock is expected to be issued in connection with the proposed acquisition. The filing also includes standard cautionary language about forward-looking statements, noting risks such as failure to obtain LivePerson stockholder approval, potential delays, litigation, integration challenges, unexpected costs, customer or employee disruption, regulatory developments, cybersecurity risks, and broader business conditions. The practical significance of the filing is that SoundHound has removed a major regulatory obstacle to completing the LivePerson acquisition, leaving stockholder approval and other customary closing requirements as the remaining gating items.
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Soundhound AI (SOUN) stock price, chart, and key data
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Stock detail
Soundhound AI
SOUN · XNAS
-$0.04 (-0.64%) past day
$6.24
After hours $6.38 (-0.55%)
Key metrics
Earnings
Quarterly results and the next expected release
FY25 Q2
Q3
Q4
FY26 Q1
Q2
Q3
Day range
$6.04 - $6.65
52-week range
$5.83 - $22.17
Close price
$6.41
Market cap
$2.8B
P/E ratio
-58.31
Beta
2.83
About the company
Soundhound AI Inc
SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022. SoundHound provides voice-recognition and synthesis software for use in business and sales applications, such as drive-through restaurants.
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#1Cleo Fields
democrat · House · LA-6
- Sell$1,001 / $8,001 / $15,000
- Buy$1,001 / $8,001 / $15,000
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