SoundHound AI Inc (SOUN) News & EventsSOUNNews & EventsSoundHound AI Inc

LivePerson Board Urges Shareholders to Support Acquisition by SoundHound AI

LivePerson's (LPSN) Board of Directors has issued a formal letter urging stockholders to vote "FOR" the Company's pending acquisition by SoundHound AI (SOUN). A Special Meeting of Stockholders to vote on the merger is scheduled for August 20. The LivePerson Board of Directors unanimously recommended that stockholders vote "for" the transaction, and independent proxy advisory firms ISS and Glass Lewis support the Board's recommendation. The LivePerson board encourages stockholders to predicate their vote on the following facts: a vote "for" the transaction is a vote "in favor of exchanging shares at an attractive premium for shares in a company with a strong balance sheet and future potential upside"; a vote "against" the transaction, or no vote at all, "potentially exposes stockholders to the significant risks associated with continuing as a standalone company", including "the risks of continued slowing or degradation of LivePerson's business given commercial headwinds from the company's standalone financial profile, potential delisting from the Nasdaq, and potential inability to service or repay LivePerson's substantial debt and/or comply with debt-related financial covenants, which could eventually lead to reorganization, in which stockholders would in all likelihood receive no value for their shares". The transaction requires approval by the holders of a majority of all outstanding shares.

Stock Futures Mixed in After-Hours Trading

Stock futures were mixed in after-hours trading following Wednesday's mixed finish during the regular session. Investors continue to weigh new waves of corporate earnings against continued tensions in the Middle East.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -SiTimeup 33.9%SoundHoundup 21.8%Aevaup 18.9%Paycomup 15.1%ZoomInfoup 7%Motorola Solutionsup 5.2%Solventumup 3.4%DOWN AFTER EARNINGS -BillionToOnedown 27.6%HubSpotdown 19.7%UWM Holdingsdown 17.9%AppLovindown 16.5%Sunrundown 13.9%Western Digitaldown 10.9%Zillowdown 9.2%CF Industriesdown 6.1%Axon Enterprisesdown 5%ThredUpdown 1.8%

SoundHound Raises 2026 Revenue Outlook to $230M-$260M

Consensus $232.8M. The company said, "Based on the company's strong performance in the second quarter the company is raising its full year 2026 revenue outlook to now be a range of $230 - $260 million. Contemplating the close of LivePerson, SoundHound plans to update its guidance accordingly at that point in time, which is expected before the end of 2026."