Archimedes Tech SPAC Partners Co. Completes Business Combination with SoundHound; SoundHound AI Begins Trading as SOUN
April 27, 2022
SoundHound Inc. completed its previously announced business combination with Archimedes Tech SPAC Partners Co., creating the combined public company SoundHound AI, Inc., which began trading on Nasdaq under the ticker SOUN on April 28, 2022. The transaction provides SoundHound with significant proceeds to fund customer acquisition, product development and expansion, and adds Archimedes’ leadership to the company’s board.
- Buyers
- Archimedes Tech SPAC Partners Co.
- Targets
- SoundHound Inc.
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Recapitalization
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