SoundHound AI to acquire LivePerson for ~$304M in stock, converting debt into equity

Filed April 21, 2026 · Period ending April 21, 2026 · ~1 min read

Key Changes

• high

  SoundHound will issue approximately $304M in stock to acquire LivePerson and restructure its secured debt—potentially 25-43M new shares depending on stock price ($7-$12 collar), representing massive dilution to existing shareholders.

  Item 1.01: Merger Agreement verify on EDGAR →
• high

  The merger is contingent on converting LivePerson's debt into SoundHound shares: $178M to first lien noteholders and $83M to second lien holders, plus cash payments. If debt restructuring fails, the deal terminates.

  Item 1.01: Notes Restructuring verify on EDGAR →
• medium

  SoundHound can substitute cash for stock consideration to debt holders (up to 50% if stock exceeds $12), which would reduce dilution but require significant cash outlay of up to $261M.

  Item 1.01: Cash Substitution verify on EDGAR →