Filed pursuant to Rule 424(b)(3)
SEC File No. 333-267501
PROSPECTUS SUPPLEMENT NO. 2
(to Prospectus dated March 31, 2023)
14,301,448 Shares of Class A Common Stock
SOUNDHOUND AI, INC.
This prospectus supplement updates, amends and supplements the prospectus dated March 31, 2023 (as supplemented by prospectus supplement no. 1, dated April 17, 2023, the “Prospectus”), which forms a part of our Post-Effective Amendment No. 1 to Registration Statement on Form S-1 (Registration No. 333-267501) filed on March 29, 2023 and declared effective on March 31, 2023. Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
This prospectus supplement is being filed to update, amend and supplement the information included in the Prospectus with information contained in our Quarterly Report on Form 10-Q for the period ended March 31, 2023, as filed with the SEC on May 12, 2023, which is set forth below.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Our Class A common stock, par value $0.0001 per share (“Class A Common Stock”), is listed on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SOUN.” The last reported closing price for our Class A Common Stock on Nasdaq on May 12, 2023 was $2.48 per share.
Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page 15 of the Prospectus for a discussion of information that should be considered in connection with an investment in our securities.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of the disclosures in the prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is May 19, 2023
SOUNDHOUND AI, INC. | ||
(Exact name of registrant as specified in its charter) |
Delaware | 86-1286799 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
5400 Betsy Ross Drive, Santa Clara, CA 95054 | ||
(Address of principal executive offices) (Zip Code) |
(408) 441-3200 | ||
(Registrant’s telephone number, including area code) |
N/A | ||
(Former name, former address and former fiscal year, if changed since last report) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Class A Common stock, par value $0.0001 per share | SOUN | The Nasdaq Stock Market LLC | ||||||||||||
Redeemable Warrants | SOUNW | The Nasdaq Stock Market LLC |
o | Large accelerated filer | o | Accelerated filer | ||||||||
x | Non-accelerated filer | x | Smaller reporting company | ||||||||
x | Emerging growth company |
March 31, 2023 | December 31, 2022 | ||||||||||
(Unaudited) | |||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 46,331 | $ | 9,245 | |||||||
Accounts receivable, net | 2,660 | 3,414 | |||||||||
Prepaid expenses | 1,651 | 2,514 | |||||||||
Contract assets | 1,546 | 1,671 | |||||||||
Other current assets | 1,069 | 859 | |||||||||
Total current assets | 53,257 | 17,703 | |||||||||
Restricted cash equivalents, non-current | 230 | 230 | |||||||||
Right-of-use assets | 7,393 | 8,119 | |||||||||
Property and equipment, net | 2,754 | 3,447 | |||||||||
Deferred tax asset | 55 | 55 | |||||||||
Contract assets, non-current | 7,040 | 7,041 | |||||||||
Other non-current assets | 2,074 | 1,656 | |||||||||
Total assets | $ | 72,803 | $ | 38,251 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 2,542 | $ | 2,798 | |||||||
Accrued liabilities | 12,306 | 7,462 | |||||||||
Operating lease liabilities | 3,157 | 3,282 | |||||||||
Finance lease liabilities | 147 | 160 | |||||||||
Income tax liability | 1,213 | 1,314 | |||||||||
Deferred revenue | 5,319 | 5,812 | |||||||||
Notes payable | 16,828 | 16,668 | |||||||||
Total current liabilities | 41,512 | 37,496 | |||||||||
Operating lease liabilities, net of current portion | 5,045 | 5,715 | |||||||||
Finance lease liabilities, net of current portion | 102 | 128 | |||||||||
Deferred revenue, net of current portion | 5,433 | 7,543 | |||||||||
Notes payable, net of current portion | 14,035 | 18,299 | |||||||||
Other non-current liabilities | 4,294 | 4,295 | |||||||||
Total liabilities | 70,421 | 73,476 | |||||||||
Commitments and contingencies (Note 6) | |||||||||||
Stockholders’ equity (deficit): | |||||||||||
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 835,011 and 0 shares issued and outstanding, aggregate liquidation preference of $25,050 and $0 as of March 31, 2023 and December 31, 2022, respectively | 24,942 | — | |||||||||
Class A Common Stock, $0.0001 par value; 455,000,000 shares authorized; 174,714,741 and 160,297,664 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively | 18 | 16 | |||||||||
Class B Common Stock, $0.0001 par value; 44,000,000 shares authorized; 39,735,408 shares issued and outstanding as of March 31, 2023 and December 31, 2022 | 4 | 4 | |||||||||
Additional paid-in capital | 505,889 | 466,857 | |||||||||
Accumulated deficit | (528,471) | (502,102) | |||||||||
Total stockholders’ equity (deficit) | 2,382 | (35,225) | |||||||||
Total liabilities and stockholders’ equity (deficit) | $ | 72,803 | $ | 38,251 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Revenues | $ | 6,707 | $ | 4,290 | |||||||
Operating expenses: | |||||||||||
Cost of revenues | 1,976 | 1,773 | |||||||||
Sales and marketing | 4,875 | 2,581 | |||||||||
Research and development | 14,184 | 16,650 | |||||||||
General and administrative | 7,125 | 4,003 | |||||||||
Restructuring | 3,585 | — | |||||||||
Total operating expenses | 31,745 | 25,007 | |||||||||
Loss from operations | (25,038) | (20,717) | |||||||||
Other expense, net: | |||||||||||
Interest expense | (1,096) | (2,977) | |||||||||
Other income (expense), net | 94 | (1,057) | |||||||||
Total other expense, net | (1,002) | (4,034) | |||||||||
Loss before provision for income taxes | (26,040) | (24,751) | |||||||||
Provision for income taxes | 329 | 352 | |||||||||
Net loss | (26,369) | (25,103) | |||||||||
Net loss per share: | |||||||||||
Basic and diluted | $ | (0.13) | $ | (0.36) | |||||||
Weighted-average common shares outstanding: | |||||||||||
Basic and diluted | 205,082,328 | 69,604,188 |
Three Months Ended March 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Series A Preferred Stock | Class A Common Stock | Class B Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||
Balances as of December 31, 2022 | — | $ | — | 160,297,664 | $ | 16 | 39,735,408 | $ | 4 | $ | 466,857 | $ | (502,102) | $ | (35,225) | |||||||||||||||||||||||||||||||||||||||||
Issuance of Class A common shares upon exercise of stock options | — | — | 1,209,302 | — | — | — | 2,425 | — | 2,425 | |||||||||||||||||||||||||||||||||||||||||||||||
Issuance of Class A common shares upon vesting of restricted stock units | — | — | 2,259,223 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Issuance of Class A common shares under the ELOC program | 10,948,552 | 2 | 28,358 | 28,360 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of Series A Preferred Stock | 835,011 | 24,942 | — | 24,942 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | — | — | 8,249 | — | 8,249 | |||||||||||||||||||||||||||||||||||||||||||||||
Net loss | — | — | — | — | — | — | — | (26,369) | (26,369) | |||||||||||||||||||||||||||||||||||||||||||||||
Balances as of March 31, 2023 | 835,011 | $ | 24,942 | 174,714,741 | $ | 18 | 39,735,408 | $ | 4 | $ | 505,889 | $ | (528,471) | $ | 2,382 |
Three Months Ended March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Legacy SoundHound Redeemable Convertible Preferred Stock | Legacy SoundHound Common Stock | Class A Common Stock | Class B Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balances as of December 31, 2021 | 19,248,537 | $ | 279,503 | 12,280,051 | $ | 1 | — | $ | — | — | $ | — | $ | 43,491 | $ | (386,729) | $ | (343,237) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Retroactive application of Business Combination (Note 3) | 87,700,789 | — | 55,978,505 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adjusted balances, beginning of period | 106,949,326 | 279,503 | 68,258,556 | 1 | — | — | — | — | 43,491 | (386,729) | (343,237) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock upon exercise of stock options | — | — | 2,429,625 | — | — | — | — | — | 2,474 | — | 2,474 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | — | — | — | — | — | — | 2,464 | — | 2,464 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net loss | — | — | — | — | — | — | — | — | (25,103) | (25,103) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balances as of March 31, 2022 | 106,949,326 | $ | 279,503 | 70,688,181 | $ | 1 | — | $ | — | — | $ | — | $ | 48,429 | $ | (411,832) | $ | (363,402) |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Cash flows from operating activities: | |||||||||||
Net loss | $ | (26,369) | $ | (25,103) | |||||||
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||||
Depreciation and amortization | 708 | 1,292 | |||||||||
Stock-based compensation | 8,249 | 2,464 | |||||||||
Change in fair value of derivative and warrant liability | — | 592 | |||||||||
Amortization of debt issuance cost | 16 | 1,742 | |||||||||
Non-cash lease amortization | 894 | 846 | |||||||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable, net | 754 | 728 | |||||||||
Prepaid expenses | 863 | (543) | |||||||||
Other current assets | (210) | 60 | |||||||||
Contract assets | 126 | — | |||||||||
Other non-current assets | 19 | (1,942) | |||||||||
Accounts payable | (256) | 3,178 | |||||||||
Accrued liabilities | 4,306 | 4,398 | |||||||||
Operating lease liabilities | (963) | (1,080) | |||||||||
Deferred revenue | (2,603) | (1,623) | |||||||||
Other non-current liabilities | (1) | 2 | |||||||||
Net cash used in operating activities | (14,467) | (14,989) | |||||||||
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | (15) | (611) | |||||||||
Net cash used in investing activities | (15) | (611) | |||||||||
Cash flows from financing activities: | |||||||||||
Proceeds from the issuance of Series A Preferred Stock, net of issuance costs | 24,942 | — | |||||||||
Proceeds from sales of common stock under the ELOC program, net of issuance costs | 28,360 | — | |||||||||
Proceeds from the issuance of common stock upon exercise of options | 2,425 | 2,474 | |||||||||
Payments on notes payable | (4,120) | — | |||||||||
Payments on finance leases | (39) | (519) | |||||||||
Net cash provided by financing activities | 51,568 | 1,955 | |||||||||
Net change in cash, cash equivalents, and restricted cash equivalents | 37,086 | (13,645) | |||||||||
Cash, cash equivalents, and restricted cash equivalents, beginning of period | 9,475 | 22,822 | |||||||||
Cash, cash equivalents, and restricted cash equivalents, end of period | $ | 46,561 | $ | 9,177 | |||||||
Reconciliation to amounts on the condensed consolidated balance sheets: | |||||||||||
Cash and cash equivalents | $ | 46,331 | $ | 8,211 | |||||||
Current portion of restricted cash equivalents | — | 230 | |||||||||
Non-current portion of restricted cash equivalents | 230 | 736 | |||||||||
Total cash, cash equivalents, and restricted cash equivalents shown in the condensed consolidated statements of cash flows | $ | 46,561 | $ | 9,177 | |||||||
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid for interest | $ | 1,074 | $ | 1,013 | |||||||
Cash paid for income taxes | $ | 550 | $ | 32 | |||||||
Noncash investing and financing activities: | |||||||||||
Unpaid issuance costs in connection with the ELOC program | $ | 437 | $ | — | |||||||
Deferred offering costs reclassified to additional paid-in capital | $ | 323 | $ | — | |||||||
Operating lease liabilities arising from obtaining right-of-use assets | $ | — | $ | 650 |
Cash - ATSP trust and cash (net of redemption) | $ | 5,357 | |||
Cash - PIPE Investment | 113,000 | ||||
Less: transaction costs | (27,668) | ||||
Net proceeds from Business Combination and PIPE Investment | $ | 90,689 |
Class A Common Stock - conversion of Legacy SoundHound Common Stock and Legacy SoundHound Preferred Stock outstanding prior to Business Combination | 140,114,060 | ||||
Class B Common Stock - conversion of Legacy SoundHound Common Stock and Legacy SoundHound Preferred Stock outstanding prior to Business Combination | 40,396,600 | ||||
Class A Common Stock - PIPE Investment | 11,300,000 | ||||
Class A Common Stock - issuance to ATSP shareholders | 532,050 | ||||
Class A Common Stock - issuance to Legacy SoundHound founders and representatives | 4,161,000 | ||||
Total shares of common stock immediately after Business Combination | 196,503,710 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Hosted services | $ | 4,745 | $ | 3,344 | |||||||
Professional services | 1,643 | 567 | |||||||||
Monetization | 140 | 208 | |||||||||
Licensing | 179 | 171 | |||||||||
Total | $ | 6,707 | $ | 4,290 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
United States | $ | 786 | $ | 852 | |||||||
Japan | 937 | 927 | |||||||||
Germany | 1,788 | 683 | |||||||||
France | 730 | 459 | |||||||||
Korea | 2,259 | 949 | |||||||||
Other | 207 | 420 | |||||||||
Total | $ | 6,707 | $ | 4,290 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Over time revenue | $ | 5,505 | $ | 3,911 | |||||||
Point-in-time | 1,202 | 379 | |||||||||
Total | $ | 6,707 | $ | 4,290 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Product royalties | $ | 6,176 | $ | 3,709 | |||||||
Service subscriptions | 391 | 373 | |||||||||
Monetization | 140 | 208 | |||||||||
Total | $ | 6,707 | $ | 4,290 |
March 31, 2023 | December 31, 2022 | ||||||||||
Accrued compensation expenses | $ | 11,046 | $ | 6,134 | |||||||
Accrued interest | 210 | 236 | |||||||||
Accrued vendor payables | 535 | 1,002 | |||||||||
Accrued professional services | 386 | 89 | |||||||||
Other accrued liabilities | 129 | 1 | |||||||||
$ | 12,306 | $ | 7,462 |
Remainder of 2023 | $ | 5,250 | |||
2024 | 11,000 | ||||
2025 | 14,000 | ||||
2026 | 16,000 | ||||
2027 | 24,000 | ||||
Thereafter | 24,000 | ||||
Total | $ | 94,250 |
March 31, 2023 | |||||||||||||||||
SVB March 2021 Note | SCI June 2021 Note | Total | |||||||||||||||
Notes payable | $ | 12,000 | $ | 4,869 | $ | 16,869 | |||||||||||
Notes payable, net of current portion | 7,050 | 6,990 | 14,040 | ||||||||||||||
Unamortized loan discount | (46) | — | (46) | ||||||||||||||
Total | $ | 19,004 | $ | 11,859 | $ | 30,863 | |||||||||||
Unamortized debt issuance cost recorded as an asset | $ | — | $ | 265 | $ | 265 |
December 31, 2022 | |||||||||||||||||
SVB March 2021 Note | SCI June 2021 Note | Total | |||||||||||||||
Notes payable, current portion | $ | 12,000 | $ | 4,718 | $ | 16,718 | |||||||||||
Notes payable, net of current portion | 10,050 | 8,261 | 18,311 | ||||||||||||||
Unamortized loan discount | (62) | — | (62) | ||||||||||||||
Total | $ | 21,988 | $ | 12,979 | $ | 34,967 | |||||||||||
Unamortized debt issuance costs recorded as an asset | $ | — | $ | 295 | $ | 295 |
Shares Authorized | Shares Issued | Liquidation Preference | Carrying Value | ||||||||||||||||||||
Series A | 19,106,048 | 19,106,048 | $ | 28,239 | $ | 4,967 | |||||||||||||||||
Series B | 33,702,134 | 33,702,134 | 66,360 | 11,038 | |||||||||||||||||||
Series C | 5,687,525 | 5,687,525 | 38,163 | 11,837 | |||||||||||||||||||
Series C-1 | 4,436,090 | 4,436,090 | 89,298 | 16,061 | |||||||||||||||||||
Series D | 20,258,299 | 20,258,299 | 527,992 | 85,648 | |||||||||||||||||||
Series D-1 | 8,418,535 | 8,418,535 | 277,812 | 49,957 | |||||||||||||||||||
Series D-2 | 8,418,530 | 8,418,530 | 277,811 | 49,949 | |||||||||||||||||||
Series D-3 | 6,922,165 | 6,922,165 | 276,887 | 50,046 | |||||||||||||||||||
Series D-3A | 20,835,869 | — | — | — | |||||||||||||||||||
127,785,195 | 106,949,326 | $ | 1,582,562 | $ | 279,503 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Other income (expense), net | |||||||||||
Interest income | $ | 157 | $ | 2 | |||||||
Change in fair value of derivative liability | — | (592) | |||||||||
Other expense, net | (63) | (467) | |||||||||
Total other income (expense), net | $ | 94 | $ | (1,057) |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Numerator: | |||||||||||
Net loss (in thousands) | $ | (26,369) | $ | (25,103) | |||||||
Denominator: | |||||||||||
Weighted average shares outstanding – basic and dilutive | 205,082,328 | 69,604,188 | |||||||||
Basic and diluted net loss per share | $ | (0.13) | $ | (0.36) |
As of March 31, | |||||||||||
2023 | 2022 | ||||||||||
Stock options | 21,669,941 | 28,000,691 | |||||||||
Restricted stock units | 12,589,404 | 2,014,979 | |||||||||
Issuance of common stock upon conversion of Series A Preferred Stock | 25,050,330 | — | |||||||||
Common stock warrants | 3,665,996 | 1,063,213 | |||||||||
Estimated ESPP stock units | 476,636 | — | |||||||||
Redeemable convertible preferred stock | — | 106,949,326 | |||||||||
Total | 63,452,307 | 138,028,209 |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Loss before income taxes | $ | (26,040) | $ | (24,751) | |||||||
Income tax expense | 329 | 352 | |||||||||
Effective tax rate | (1.26) | % | (1.42) | % |
Three Months Ended March 31, | Change | ||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Revenues | $ | 6,707 | $ | 4,290 | $ | 2,417 | 56 | % | |||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Cost of revenues | 1,976 | 1,773 | 203 | 11 | % | ||||||||||||||||||
Sales and marketing | 4,875 | 2,581 | 2,294 | 89 | % | ||||||||||||||||||
Research and development | 14,184 | 16,650 | (2,466) | (15) | % | ||||||||||||||||||
General and administrative | 7,125 | 4,003 | 3,122 | 78 | % | ||||||||||||||||||
Restructuring | 3,585 | — | 3,585 | * | |||||||||||||||||||
Total operating expenses | 31,745 | 25,007 | 6,738 | 27 | % | ||||||||||||||||||
Loss from operations | (25,038) | (20,717) | (4,321) | 21 | % | ||||||||||||||||||
Other expense, net: | |||||||||||||||||||||||
Interest expense | (1,096) | (2,977) | 1,881 | (63) | % | ||||||||||||||||||
Other income (expense), net | 94 | (1,057) | 1,151 | * | |||||||||||||||||||
Total other expense, net | (1,002) | (4,034) | 3,032 | (75) | % | ||||||||||||||||||
Loss before provision for income taxes | (26,040) | (24,751) | (1,289) | 5 | % | ||||||||||||||||||
Provision for income taxes | 329 | 352 | (23) | (7) | % | ||||||||||||||||||
Net loss | $ | (26,369) | $ | (25,103) | $ | (1,266) | 5 | % |
Three Months Ended March 31, | Change | ||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Product royalties | $ | 6,176 | $ | 3,709 | $ | 2,467 | 67 | % | |||||||||||||||
Service subscriptions | 391 | 373 | 18 | 5 | % | ||||||||||||||||||
Monetization | 140 | 208 | (68) | (33) | % | ||||||||||||||||||
Total | $ | 6,707 | $ | 4,290 | $ | 2,417 | 56 | % |
Three Months Ended March 31, | Change | ||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
United States | $ | 786 | $ | 852 | $ | (66) | (8) | % | |||||||||||||||
Japan | 937 | 927 | 10 | 1 | % | ||||||||||||||||||
Germany | 1,788 | 683 | 1,105 | 162 | % | ||||||||||||||||||
France | 730 | 459 | 271 | 59 | % | ||||||||||||||||||
Korea | 2,259 | 949 | 1,310 | 138 | % | ||||||||||||||||||
Other | 207 | 420 | (213) | (51) | % | ||||||||||||||||||
Total | $ | 6,707 | $ | 4,290 | $ | 2,417 | 56 | % |
Three Months Ended March 31, | Change | ||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Interest income | $ | 157 | $ | 2 | $ | 155 | 7750 | % | |||||||||||||||
Change in fair value of derivative liability | — | (592) | 592 | * | |||||||||||||||||||
Other expense, net | (63) | (467) | 404 | (87) | % | ||||||||||||||||||
Other income (expense), net | $ | 94 | $ | (1,057) | $ | 1,151 | * |
Three Months Ended March 31, | Change | ||||||||||||||||||||||
2023 | 2022 | $ | % | ||||||||||||||||||||
Income tax expense | $ | 329 | $ | 352 | $ | (23) | (7) | % |
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Net cash used in operating activities | $ | (14,467) | $ | (14,989) | |||||||
Net cash used in investing activities | (15) | (611) | |||||||||
Net cash provided by financing activities | 51,568 | 1,955 | |||||||||
$ | 37,086 | $ | (13,645) |
No. | Description of Exhibit | |||||||
4.1* | ||||||||
10.1*† | ||||||||
31.1* | ||||||||
31.2* | ||||||||
32.1** | ||||||||
32.2** | ||||||||
101.INS* | Inline XBRL Instance Document. | |||||||
101.SCH* | Inline XBRL Taxonomy Extension Schema Document. | |||||||
101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | |||||||
101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase Document. | |||||||
101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase Document. | |||||||
101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | |||||||
104* | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
SOUNDHOUND AI, INC | ||||||||
Date: May 12, 2023 | By: | /s/ Dr. Keyvan Mohajer | ||||||
Name: | Dr. Keyvan Mohajer | |||||||
Title: | Chief Executive Officer | |||||||
(Principal Executive Officer) | ||||||||
Date: May 12, 2023 | By: | /s/ Nitesh Sharan | ||||||
Name: | Nitesh Sharan | |||||||
Title: | Chief Financial Officer | |||||||
(Principal Financial and Accounting Officer) |