SoundHound Files $500M Mixed Securities Shelf
SoundHound AI (NASDAQ:SOUN) has filed a registration statement with the SEC for proposed sale of securities.
This registration statement contains a base prospectus to implement a “shelf” registration process and a sales agreement prospectus to execute a $250M “at-the-market” offering program under the shelf registration statement.
The base prospectus covers the sale of up to $500M of SoundHound's Class A common stock (including the $250M "at-the-market" offering program), preferred stock, purchase contracts, warrants, subscriptions rights, depositary shares, debt securities and/or units.
The sales agreement prospectus covers sale of up to $250M of Class A common stock under a sales agreement with Cantor Fitzgerald, Guggenheim Securities, Oppenheimer & Co, Wedbush Securities, Ladenburg Thalmann and Northland Securities.
SoundHound AI shares sank 8.4% in premarket trading on Tuesdy after plunging on Monday.
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