Pomerantz Law Firm Investigates Potential Securities Fraud at SoundHound AI, Inc.

New York, March 12, 2025 — Pomerantz LLP, a leading law firm known for its class action litigation, is currently investigating claims on behalf of investors in SoundHound AI, Inc. (NASDAQ: SOUN). This investigation seeks to determine if SoundHound, alongside some of its officers and directors, has engaged in securities fraud or other illegal business practices. Investors affected by this situation are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980 for more information on joining the ongoing investigation.

Background on SoundHound AI, Inc.

On March 4, 2025, SoundHound revealed a significant issue in a filing with the U.S. Securities and Exchange Commission (SEC). The company stated it would be unable to submit its annual report for the year 2024 on time. This delay stems from what they describe as the complexities involved in accounting for their previous acquisitions of Synq3, Inc. and Amelia Holdings, Inc. Furthermore, SoundHound admitted to having identified material weaknesses in their internal controls concerning financial reporting, raising concerns among stakeholders.

As a response to this disconcerting news, SoundHound's stock took a noticeable hit, dropping $0.61 per share, equivalent to a 5.86% decline, concluding the trading day at $9.72 per share on March 4.

The Role of Pomerantz LLP

Pomerantz LLP, with a history of over 85 years in corporate, securities, and antitrust class litigation, is recognized as one of the premier law firms dedicated to protecting the rights of investors. The firm was founded by Abraham L. Pomerantz, who is considered a pioneer in the field of securities class actions. Through its rigorous advocacy in the face of corporate misconduct, Pomerantz has successfully recovered millions in damages for its clients.

The firm's commitment continues as it stands ready to represent victims of fraud and corporate malfeasance. Investors of SoundHound AI, Inc. who are worried about the recent developments are urged to take action, as there may be potential claims to pursue.

Conclusion

The investigations initiated by Pomerantz LLP spotlight the ongoing challenges faced by SoundHound AI, Inc. as they endeavor to rectify their financial reporting issues. With the firm’s experience and dedication to investor rights, there is hope that the truth will emerge, offering some measure of accountability for any potential misdeeds that may have occurred within the company.