$SoundHound AI (SOUN.US)$ SoundHound plans to raise up to $1...

$SoundHound AI (SOUN.US)$ SoundHound plans to raise up to $150 million by selling common stock. If the entire amount is raised through this offering, it will significantly increase the number of shares outstanding.
To calculate the impact:
1. Current Stock Price: As of now, SoundHound's stock is trading around $7.20.
2. New Shares Issued: $150 million / $7.20 ≈ 20.83 million new shares.
This would add approximately 20.83 million shares to the existing pool, increasing the outstanding shares from 358.73 million to about 379.56 million. The actual number may vary based on the final stock price at which the shares are sold.