MergerJul 2, 2026, 05:17 PM
SoundHound AI Amends Merger Agreement with LivePerson
AI Summary
SoundHound AI, Inc. entered into an Amended and Restated Merger Agreement with LivePerson, Inc. on July 2, 2026, superseding their original agreement from April 21, 2026. Under the revised terms, LivePerson will merge into a SoundHound AI subsidiary in a two-step process, with LivePerson surviving as an indirect wholly-owned subsidiary. LivePerson common stockholders will receive SoundHound AI Class A common stock, with the aggregate consideration amount set at $42,784,532.64, subject to adjustments for LivePerson's cash and options.
Key Highlights
- Amended and Restated Merger Agreement signed on July 2, 2026, replacing the April 21, 2026 agreement.
- LivePerson to merge into SoundHound AI's indirect wholly-owned subsidiary via a two-step merger.
- LivePerson common stockholders to receive SoundHound AI Class A common stock.
- Aggregate consideration amount for LivePerson stockholders is $42,784,532.64, subject to adjustments.
- Consideration adjusted by "LivePerson Shortfall Cash" and "In-the-Money Options" exercise prices.
- "LivePerson Shortfall Cash" calculation includes $74,000,000 (or $71,000,000 if closing in July).
- SoundHound AI's closing stock price for calculation is capped at $12 per share and floored at $7 per share.
Price Impact
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