SoundHound AI, Inc.

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public.

If you purchased SoundHound securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On July 27, 2023, the market analyst and investment firm Culper Research released a report on SoundHound. The report alleged, in part, that SoundHound is a “flailing AI wannabe claiming to have revolutionary technology, a growing restaurant business, and a massive backlog of contracts. In our view, SoundHound has misled investors on each of these items: the Company’s AI simply doesn’t work – it relies on call centers staffed by humans; SoundHound’s foray into restaurants is a disaster; the Company’s backlog figures are bogus.”

On this news, the price of SoundHound common stock declined by $0.22 per share, or 8.97%, to close at $2.23 on July 27, 2023.

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Company Name: SoundHound AI, Inc.
Stock Symbol: SOUN
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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