HTC Unit Offloads $13.5 Million Stake in SoundHound AI

MT Newswires Live

2024-12-13

HTC (TPE:2498) unit HTC (BVI) sold 1,368,043 shares in SoundHound AI for a total of $13.5 million.

The shares were sold at an average price of $9.835, according to a Thursday Taiwan Exchange filing.

The transaction was conducted between Feb. 29 and Dec. 12, and generated an estimated gain of NT$412 million.

The sale will boost the company's liquidity, it noted.

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