ROSEN, LEADING INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation - SOUN, SOUNW
Portfolio Pulse from
SoundHound AI (SOUN) is under investigation by Rosen Law Firm for potential securities claims after filing a late 10-K annual report. The company cited complexities in accounting for prior acquisitions and disclosed material weaknesses in internal financial controls. The stock dropped 5.8% on the news, and investors are being encouraged to join a potential class action lawsuit.
March 28, 2025 | 6:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The company's late 10-K filing and disclosed internal control weaknesses suggest potential financial reporting issues that could impact investor confidence.
The late filing, disclosed material weaknesses in financial controls, and potential class action lawsuit suggest significant near-term negative sentiment for SOUN stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100