SOUNDHOUND ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against SoundHound AI, Inc. and Encourages Investors to Contact the Firm
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A class action lawsuit has been filed against SoundHound AI (SOUN) alleging material weaknesses in internal financial controls, particularly related to corporate acquisitions of SYNQ3 and Amelia. The company disclosed its inability to timely file its 2024 Annual Report, causing its stock to drop 5.86% on March 4, 2025.
April 01, 2025 | 1:15 am
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NEGATIVE IMPACT
Legal action highlights significant internal control weaknesses in financial reporting, potentially impacting investor confidence and financial transparency.
The lawsuit alleges material weaknesses in financial controls, delayed reporting, and potential misrepresentation of acquisition accounting, which could significantly undermine investor trust in SoundHound AI.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100