SoundHound AI today announced the completion of its business combination with Archimedes Tech SPAC Partners, following a favorable vote by the SPAC’s shareholders. SoundHound offers an independent voice AI platform that enables businesses across industries to deliver conversational experiences to their customers.
SoundHound AI will begin trading on the Nasdaq tomorrow under new ticker symbol SOUN, according to a news release.
The news release made no mention of redemptions, if any, nor did it provide any details about the final cash proceeds on the deal. Archimedes traded below its trust value through the redemption deadline, which was last Friday.
With additional PIPE funding announced earlier this month, the transaction was expected to deliver up to $246 million to the voice AI tech company. Read more.
