On August 6, 2024, SoundHound AI, Inc. entered into a Stock Purchase Agreement with IPSoft Global Holdings, Inc. and BuildGroup, LLC to acquire Amelia Holdings, Inc. The deal, valued at $80 million, includes $10 million in cash and over 13 million shares of SoundHound AI's Class A common stock. Additional shares may be issued based on revenue targets for 2025 and 2026. Concurrently, SoundHound AI assumed the Monroe Term Loan Facility from Amelia Holdings and paid $70 million to retire a majority of it, leaving a balance of $39.69 million. The loan facility, maturing on June 30, 2026, is secured by a first lien on substantially all of SoundHound AI's assets. The acquisition was completed on August 7, 2024, when Amelia Holdings merged into Firehorse Merger Sub, LLC, making it a wholly owned subsidiary of SoundHound AI. The transaction also involved the issuance of 8,902,967 shares exempt from registration under the Securities Act of 1933, as amended.

On August 6, 2024, SoundHound AI, Inc. entered into a Stock Purchase Agreement with IPSoft Global Holdings, Inc. and BuildGroup, LLC to acquire Amelia Holdings, Inc. The deal, valued at $80 million, includes $10 million in cash and over 13 million shares of SoundHound AI's Class A common stock. Additional shares may be issued based on revenue targets for 2025 and 2026. Concurrently, SoundHound AI assumed the Monroe Term Loan Facility from Amelia Holdings and paid $70 million to retire a majority of it, leaving a balance of $39.69 million. The loan facility, maturing on June 30, 2026, is secured by a first lien on substantially all of SoundHound AI's assets. The acquisition was completed on August 7, 2024, when Amelia Holdings merged into Firehorse Merger Sub, LLC, making it a wholly owned subsidiary of SoundHound AI. The transaction also involved the issuance of 8,902,967 shares exempt from registration under the Securities Act of 1933, as amended.