Summary by Moomoo AI
On April 5, 2024, SoundHound AI, Inc., a Delaware corporation, filed a Registration Statement with the Securities and Exchange Commission (SEC) to register an additional 18,806,859 shares of its Class A Common Stock. These shares are to be offered and sold under the SoundHound AI, Inc. 2022 Equity Incentive Plan, which has been updated to increase the number of shares available due to an evergreen provision. This filing incorporates by reference the contents of a prior Registration Statement filed on July 20, 2022. The registration is part of the company's ongoing efforts to incentivize its employees through equity compensation plans, which also include the SoundHound AI, Inc. 2022 Employee Stock Purchase Plan, the SoundHound, Inc. 2016 Equity Incentive Plan, and the Melodis Corporation 2006 Stock Plan. The company's CEO, Dr. Keyvan Mohajer, is named as the agent for service in the filing.