On July 7, SoundHound AI rose 8.02% in regular trading, trading at $7.08/share, with turnover of $155 million.

On the news front, SoundHound AI recently filed documents with the U.S. Securities and Exchange Commission disclosing an amended and restated merger agreement with LivePerson, signaling further progress on the previously announced $43 million acquisition. The company anticipates that LivePerson's long-tenured customers will contribute at least $100 million in growable revenue, and the combined entity could reach $500 million in revenue from the existing customer base alone. Wedbush noted that LivePerson is expected to become a larger growth driver in fiscal 2027 and maintained its Outperform rating on the stock.

The transaction, originally announced in April, involves SoundHound receiving $74 million of LivePerson's cash balance prior to debt repayment, with debt retired through a mix of cash and equity. Closing is expected in the second half of the year, subject to customary regulatory approvals.

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