ATSPU - ATSPU STOCK NEWS

Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU) has announced that its registration statement related to its merger with SoundHound, Inc. has been declared effective by the SEC. A Special Meeting is scheduled for April 26, 2022, to vote on the proposed Business Combination. Stockholders of record as of March 16, 2022 are eligible to participate. If approved, the merger will enable SoundHound to become publicly listed under the symbol SOUN following the transaction's closing.

SoundHound Inc., a leader in voice artificial intelligence, is merging with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPT). They will participate in the 2nd Annual Cowen Mobility Disruption Conference, with a fireside chat led by CEO Keyvan Mohajer and CFO Nitesh Sharan on March 4, 2022, at 11:50 a.m. ET. A live video webcast will be available, and a replay can be accessed post-event. The merger is set to list SoundHound on Nasdaq under the symbol SOUN, following approval. More details can be found on their respective investor relations websites.

SoundHound Inc. has expanded its partnership with Snap Inc. to introduce auto captioning services for Snapchat users. Utilizing advanced speech recognition technology, Snapchatters can now automatically generate captions for their videos, enhancing accessibility for users in noisy environments. The collaboration builds on a relationship dating back to June 2018, aiming to provide greater convenience and content-sharing options. The company is also in the process of merging with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPT), further expanding its market reach.

SoundHound has entered a multi-year agreement with Qualcomm Technologies to integrate its voice AI technology with Qualcomm's Snapdragon platforms. This collaboration allows app developers and device manufacturers to enhance conversational voice experiences, enabling voice commands even in noisy environments. The solution leverages SoundHound's technologies like Speech-to-Meaning and Deep Meaning Understanding, making it customizable and scalable. This partnership aims to simplify the process for developers in adding voice interfaces to their applications.

SoundHound Inc. has appointed Zubin Irani as Chief Revenue Officer to accelerate its global expansion and support its hyper growth strategy. This follows a successful year where its voice AI platform achieved over one billion queries. Irani, who has extensive experience in organizational growth, previously led Cprime, Inc. to a tenfold revenue increase exceeding $250 million. His addition is part of a broader executive team expansion that includes a new CFO and a promoted COO, enhancing SoundHound's leadership as it transitions to a public company via its merger with Archimedes Tech SPAC Partners Co.

SoundHound Inc. has partnered with Netflix to integrate a voice AI interface into Netflix's Da Vinci RDK platform, aiming to enhance user experience with convenient voice commands. The RDK platform, which surpassed 80 million deployments by May 2021, allows operators to offer hands-free navigation and control of set-top boxes and smart home devices. This collaboration is expected to reduce costs and accelerate market entry for operators. SoundHound, on the verge of a merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU, ATSPT), will be publicly listed under the symbol SOUN.

SoundHound Inc. has been named the Best Practices Company of the Year, 2021 in the North American automotive connected voice assistance industry by Frost & Sullivan. This recognition highlights SoundHound's innovations in voice AI, including Speech-to-Meaning and Deep Meaning Understanding technologies, which enhance user interaction in vehicles from top brands like Hyundai and Mercedes-Benz. The company is also moving towards a public listing through a merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU, ATSPT).

SoundHound and Archimedes Tech SPAC Partners Co. have announced a definitive merger agreement, valuing SoundHound at approximately $2.1 billion. This transaction is expected to yield gross proceeds of up to $244 million, with significant backing from high-profile investors like Oracle and Koch Industries. SoundHound’s voice AI platform, noted for its proprietary technologies, is projected to capitalize on a $160 billion market. The merger aims to enhance SoundHound's growth, aiming for a public listing on Nasdaq under the ticker SOUN in Q1 2022.

SoundHound Inc., a leader in voice AI technology, is merging with Archimedes Tech SPAC Partners Co. to create SoundHound AI, Inc.. This transaction values SoundHound at approximately $2.1 billion and is projected to generate up to $244 million in gross proceeds. The merger will enhance SoundHound's capabilities in the booming $160 billion voice AI market. Both companies aim to close the deal by Q1 2022, with plans to list on Nasdaq under the ticker SOUN. Key investors include Oracle and Qatar First Bank.