The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SoundHound AI, Inc. (“SoundHound” or “the Company”) (NASDAQ: SOUN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SoundHound filed a Notification of Late Filing on Form 12b-25 with the SEC on March 4, 2025, indicating that it would be unable to file its 10-K annual report in a timely manner. According to the Company’s filing, “due to the complexity of accounting … the Company requires additional time to prepare financial statements and accompanying notes.” The Company claimed it “has identified material weaknesses in its internal control over financial reporting. These material weaknesses continue to exist as of December 31, 2024. The Company expects to file its Form 10-K within the fifteen-day period provided under Rule 12b-25, no later than by March 18, 2025.”
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com