#United States #New York #Conversational AI #LivePerson #SoundHound AI

LivePerson Urges Shareholder Support for SoundHound AI Merger

In a strategic move to elevate its market position, LivePerson (NASDAQ: LPSN), a frontrunner in conversational AI, has sent out a crucial letter to its stockholders urging them to vote in favor of its merger with SoundHound AI (NASDAQ: SOUN). The upcoming Special Meeting scheduled for August 20, 2026, will provide shareholders a significant opportunity to influence the future direction of LivePerson.

A Clear Call to Action

The letter emphasizes the importance of each shareholder's vote, reminding them that failing to cast a vote equates to voting against the transaction. LivePerson's Board of Directors has conducted a thorough assessment of 66 potential strategic partners, concluding that SoundHound represents the best option to maximize shareholder value amidst increasing competitive pressures and market risks.

The proposal offers shareholders the chance to be part of a robust new entity featuring a solid balance sheet with negligible debt and the potential for rapid profitability. This unique merger not only stands to enhance existing services but also expands LivePerson's market share significantly by combining forces with a company that includes partnerships with 25 out of the Fortune 100.

Financial Benefits Outlined

The letter articulates specific financial benefits, including a premium stock value. Most shareholders are projected to receive approximately $3.33 per share in SoundHound stock, marking a 22% increase over LivePerson's thirty-day average stock price prior to the April 21 announcement. For those holding shares on the Tel Aviv Stock Exchange, an equivalent cash payment is expected.

LivePerson also anticipates that the merger could yield a combined revenue projection of $350 million to $400 million by 2027, with an overarching goal of reaching $500 million anchored on their existing clientele. Thus, the deal not only promises stability but also a future ripe with growth potential.

Key Benefits of the Merger

Synergistic Strength: The merger is expected to aggregate complementary capabilities across various platforms, ranging from voice technology to agent-powered AI, creating a broader, more capable service array for customers.

Debt Resolution: In a notable concession, the company’s secured debt will be restructured as part of the merger, addressing current liabilities that exceed the transaction value, an often overlooked but crucial aspect favorable for shareholders.

Voting Process Made Easy

LivePerson encourages its shareholders to take two minutes to ensure their voices are heard. Voting can be done conveniently online, via a simple phone call, or through traditional mail. The deadline to submit votes is 11:59 p.m. Eastern on August 19, 2026, highlighting the urgency for prompt participation.

For those needing assistance, a dedicated proxy solicitor is available to guide them through the voting process, ensuring that every shareholder can engage in this pivotal moment for LivePerson.

Conclusion: A Step Towards Innovation

This merger with SoundHound AI is more than just a transaction; it's a strategic alignment aimed at navigating the complexities of the tech landscape while maximizing shareholder wealth. Both companies stand at the precipice of a promising future that hinges on this pivotal vote. LivePerson invites all stakeholders to join in this transformational chapter, eager to expand horizons in the ever-evolving landscape of conversational AI.

To learn more about how to participate, visit VoteLivePerson.com for additional resources and information.