Filing Details

Accession Number:
0001562180-23-000574
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-01-24 18:05:22
Reporting Period:
2023-01-20
Accepted Time:
2023-01-24 18:05:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1840856 Soundhound Ai Inc. SOUN Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1917992 Nitesh Sharan C/O Soundhound 5400 Betsy Ross Drive
Santa Clara CA 95054
Chief Financial Officer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Preferred Stock Acquisiton 2023-01-20 3,334 $30.00 3,334 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Footnotes
  1. Pursuant to certain preferred stock purchase agreements (the "Purchase Agreements"), dated on or around January 20, 2023, the Issuer issued and sold an aggregate of 835,011 shares of its newly designated Series A Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), to certain investors (the "Transactions"). The Transactions were approved by the board of directors of the Issuer, including for Rule 16b-3 purposes.
  2. The Series A Preferred Stock is entitled to dividends payable as an increase in the liquidation preference for such share at the rate of 14% per annum, accreting semi-annually to liquidation preference on January 1 and July 1 of each year. Each share of Series A Preferred Stock is convertible into shares of Class A common stock of the Issuer under certain circumstances.