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- Adverse Opinion On Internal Control Over Financial Reporting (new) — PwC issued an adverse opinion on SoundHound's internal controls as of December 31, 2025, indicating pervasive material weaknesses.
SoundHound AI (SOUN) acquires LivePerson for $284M enterprise value in stock-and-debt deal
Filed July 9, 2026 · ~1 min read
Key Changes
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SoundHound will issue 3.0-5.1 million shares to LivePerson stockholders ($43M value) and 21.8-37.3 million shares to secured creditors, acquiring LivePerson through a two-step merger that makes LivePerson a wholly owned subsidiary.
Risk Factors verify on EDGAR → -
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The $284M enterprise value is significantly below LivePerson's $357M in outstanding debt; secured noteholders accept consideration substantially below par value, accrued interest, and contractual make-whole premia to allow stockholders to receive any value.
Risk Factors verify on EDGAR → -
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LivePerson's financial advisor contacted 66 potential acquirers; none submitted written bids by the November 2025 deadline. Three counterparties later indicated informal valuations of $150-200M, materially below both LivePerson's debt and SoundHound's offer.
Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify