LivePerson entered into an Amended and Restated Merger Agreement with SoundHound to modify their previously announced combination. To avoid delays under Israeli securities laws, holders of LivePerson shares cleared through the Tel Aviv Stock Exchange will receive cash, capped at $7.5 million in aggregate, instead of SoundHound stock. Other LivePerson shareholders will receive SoundHound Class A shares based on a VWAP-bounded exchange formula. The two-step merger remains subject to customary approvals and conditions.
Agreement details:
- Agreement type: Amended and Restated Merger Agreement for two-step merger
- Counterparty: SoundHound AI
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: Until closing
- Reason: Address Israeli prospectus requirements for TASE-held shares
Original SEC Filing:
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