SoundHound AI, Inc.

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Investigation Details

SoundHound filed a Notification of Late Filing (Form 12b-25) with respect to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The Company, among other things, stated that, it “. . . has determined that it is unable to file the Form 10-K without unreasonable effort or expense. As previously disclosed, the Company has identified material weaknesses in its internal control over financial reporting. These material weaknesses continue to exist as of December 31, 2024.”

Following this news, SoundHound AI’s stock price fell over 10% in pre-market trading on March 4, 2025.