MergerJul 2, 2026, 05:17 PM
LivePerson, SoundHound Amend Merger Terms for TASE Shares
AI Summary
LivePerson and SoundHound AI have entered into an Amended and Restated Merger Agreement on July 2, 2026, modifying their original agreement from April 21, 2026. The amendment addresses Israeli securities law requirements for shares held through the Tel Aviv Stock Exchange (TASE Shares), which would have caused significant delays. Under the new terms, TASE shareholders will receive cash consideration, while other LivePerson shareholders will still receive SoundHound Common Stock. The aggregate consideration amount remains $42,784,532.64, subject to adjustments.
Key Highlights
- Amended and Restated Merger Agreement signed on July 2, 2026.
- Original Merger Agreement was entered into on April 21, 2026.
- Holders of TASE Shares will now receive cash consideration due to Israeli securities laws.
- Other LivePerson shareholders will receive SoundHound Common Stock.
- Aggregate Consideration Amount is $42,784,532.64, subject to adjustments.
- LivePerson Shortfall Cash calculation involves $74,000,000 (or $71,000,000 if closing in July).
- The merger will proceed in two steps: First Merger and Second Merger.
Price Impact
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