#USA #New York #Glass Lewis #LivePerson #SoundHound AI

Glass Lewis Supports LivePerson and SoundHound AI Merger

In a recent announcement, LivePerson (NASDAQ: LPSN), a prominent player in the conversational AI industry, received a favorable recommendation from the leading independent proxy advisory firm, Glass Lewis. Ahead of the upcoming Special Meeting scheduled for August 20, 2026, Glass Lewis has urged LivePerson’s shareholders to vote “FOR” the company's proposed transaction with SoundHound AI (NASDAQ: SOUN).

CEO John's Assurance
John Sabino, the CEO of LivePerson, expressed his gratitude for Glass Lewis's endorsement, stating that it validates the Board’s unanimous decision that the merger will enhance shareholder value. This merger is positioned as a strategic move in the rapidly evolving AI landscape. Glass Lewis highlighted the financial benefits and misunderstood potential that shareholders could experience should the transaction be approved.

Key Benefits for Shareholders

1. Significant Premium Value
By voting in favor of the merger, LivePerson shareholders stand to gain equity in SoundHound AI, equivalent to a value of approximately $3.33 per share as per the initial announcement on April 21, 2026. This sum represents an enticing 22% premium over the prior 30-day volume-weighted average trading price, enhancing the financial position of existing shareholders tremendously.

2. Future Upside Potential
The merger creates an opportunity for shareholders to be part of a growing entity, combining the strengths of two innovative AI companies. SoundHound AI anticipates that together, they could potentially achieve combined revenues ranging from $350 million to $400 million in 2027, with further growth projections reaching up to $500 million because of its robust customer base.

3. Enhanced Omnichannel Capabilities
The collaboration is set to enhance LivePerson's service offerings by integrating capabilities across various customer engagement platforms, thus attracting more clients from its combined extensive customer base, which includes 25 of the Fortune 100 companies.

4. Debt Resolution
Additionally, the merger will address the significant debt burden LivePerson is currently facing. The merger will enable secured noteholders to exchange their notes at a valuation significantly less than their current $350 million par value, effectively alleviating some of the financial strains on LivePerson.

Call to Action for Shareholders

LivePerson strongly encourages all shareholders to heed Glass Lewis's advice and cast their votes in favor of this transformative transaction. The firm emphasizes the importance of this decision for the future of both companies amidst a dynamic market.

Voting can be done through a proxy card, online, or via phone, allowing shareholders to contribute their voice in determining the future path of the organization. This proposal requires a majority affirmative vote from the outstanding shares for approval. Stakeholders should remember that abstaining from voting equates to opposing the merger.

Further details regarding the voting process and the significance of this merger can be found on their dedicated website VoteLivePerson.com.

Conclusion

As LivePerson looks to build synergies with SoundHound, both companies are gearing up to lead in the AI conversation and technology sector. The favorable inclination from Glass Lewis serves as a crucial endorsement, positioning this merger as an essential milestone not only for LivePerson's journey but for the broader landscape of the AI industry.

For additional inquiries, shareholdings on the Tel Aviv Stock Exchange (TASE) will also have specific guidelines to follow in casting their votes, further reinforcing the inclusive approach taken by LivePerson in this critical transition period.

About LivePerson

LivePerson is renowned for its innovative conversational AI solutions, empowering businesses to communicate with millions of customers more effectively. The company is a key player in harnessing the potential of AI technology, leveraging conversational clouds that facilitate nearly a billion messages monthly.

For more details on LivePerson and its cutting-edge services, visit liveperson.com.