4//SEC Filing
Ball Eric R. 4
Accession 0001562180-23-000573
CIK 0001840856other
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 6:03 PM ET
Size
8.8 KB
Accession
0001562180-23-000573
Insider Transaction Report
Form 4
Ball Eric R.
Director
Transactions
- Purchase
Preferred Stock
2023-01-20$30.00/sh+3,334$100,020→ 3,334 total
Footnotes (2)
- [F1]Pursuant to certain preferred stock purchase agreements (the "Purchase Agreements"), dated on or around January 20, 2023, the Issuer issued and sold an aggregate of 835,011 shares of its newly designated Series A Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), to certain investors (the "Transactions"). The Transactions were approved by the board of directors of the Issuer, including for Rule 16b-3 purposes.
- [F2]The Series A Preferred Stock is entitled to dividends payable as an increase in the liquidation preference for such share at the rate of 14% per annum, accreting semi-annually to liquidation preference on January 1 and July 1 of each year. Each share of Series A Preferred Stock is convertible into shares of Class A common stock of the Issuer under certain circumstances.
Issuer
SOUNDHOUND AI, INC.
CIK 0001840856
Entity typeother
Related Parties
1- filerCIK 0001588852
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 6:03 PM ET
- Size
- 8.8 KB