SoundHound AI (SOUN) is facing a class action lawsuit alleging material weaknesses in internal financial controls, particularly related to acquisitions of SYNQ3 and Amelia Holdings. The lawsuit claims the company made false or misleading statements about its financial reporting capabilities and ability to timely file annual reports. On March 4, 2025, the company disclosed it could not file its 2024 annual report, causing its stock to drop nearly 6%.