Summary by Futu AI
SoundHound AI, Inc. (SoundHound AI), a leader in conversational intelligence, has entered into an Equity Distribution Agreement with several financial institutions, including Citigroup Global Markets Inc., Barclays Capital Inc., Wedbush Securities Inc., Northland Securities, Inc., and Ladenburg Thalmann & Co. Inc., collectively referred to as the Managers. This agreement pertains to the sale of Class A common stock, with a par value of $0.0001 per share, up to a total value of $150,000,000. The Class A Common Stock is listed on Nasdaq under the symbol 'SOUN,' and as of April 8, 2024, the stock was trading at $5.00 per share. The sales may be conducted through negotiated transactions or 'at the market' offerings as defined by the Securities Act of 1933. The Managers will act as agents...Show More