SoundHound AI Completes Conversion of Preferred Equity into Class A Common Stock [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
announced that all existing shares of series A preferred stock will automatically convert to class A common stock. In January 2023, the company raised preferred equity financing from a diverse set of financial and strategic investors. According to the terms of the series A preferred, SoundHound had the right to have all investors automatically convert their shares after the one-year anniversary of issuance if certain conditions were met. Driven by strong performance that overachieved the stock price condition for the automatic conversion, the majority of the preferred stock had already been voluntarily converted to common stock by holders. With the announced automatic conversion of the remaining shares, the preferred stock will no longer be outstanding and all rights with respect to the preferred stock will cease. This automatic conversion of the remaining shares of series A preferred stock follows SoundHound AI's full repayment of $100 million of outstanding debt, announced earli
Show less
Read more
Impact Snapshot
Event Time:
SOUN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOUN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOUN alerts
High impacting SoundHound AI, Inc. news events
Weekly update
A roundup of the hottest topics
SOUN
News
- Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing ClaimsPR Newswire
- Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing ClaimsPR Newswire
- Down 60% From Its 52-Week High, Is SoundHound AI a Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- SoundHound AI Completes Conversion of Preferred Equity into Class A Common StockBusiness Wire
- SoundHound AI, Inc. (SOUN) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 5/9/24 - Beat
SOUN
Sec Filings
- 6/27/24 - Form 8-K
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- SOUN's page on the SEC website