Summary by Moomoo AI
BlackRock, Inc., a global investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on November 12, 2024, indicating a significant ownership stake in SoundHound AI, Inc. The filing reveals that BlackRock now beneficially owns 23,276,075 shares of SoundHound AI's Class A Common Stock, which represents 7.1% of the class. This stake gives BlackRock sole voting power over 22,934,475 shares and sole dispositive power over the entire 23,276,075 shares, with no shared voting or dispositive power reported. The filing, made under Rule 13d-1(b), designates BlackRock as a parent holding company or control person. The document also includes a list of subsidiaries under BlackRock, Inc. that own 5% or greater of the outstanding shares of the security class being reported. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of SoundHound AI, Inc.
