Archimedes Fattens PIPE by $2M in Support of SoundHound Deal

Archimedes Tech SPAC Partners in an 8-K filing said it entered a subscription agreement for an additional $2 million, raising the PIPE for its proposed merger with SoundHound to $113 million.

SoundHound is a voice AI tech company.

The transaction is now expected to deliver up to $246 million, including up to $133 million of cash held in Archimedes’ trust account, subject to redemptions, and the fully-committed PIPE. Read more.

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