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.
