SoundHound AI, Inc. (SOUN) announced the completion of its merger with LivePerson, Inc. on September 4, 2026, making LivePerson an indirect wholly owned subsidiary. In connection with the acquisition, the company also completed a debt restructuring for LivePerson's secured notes and appointed LivePerson's CFO, John Collins, as its new Chief Financial Officer.
Key Details
- Merger Consideration: Each share of LivePerson common stock was converted into the right to receive 0.4673 shares of SoundHound AI Class A Common Stock. Shares held through the Tel-Aviv Stock Exchange received $3.31 in cash per share.
- Debt Restructuring: LivePerson's secured noteholders received an aggregate of approximately 36.9 million shares of SoundHound AI common stock and approximately $5.8 million in cash to satisfy all outstanding obligations under the notes.
- Executive Appointment: Effective with the merger closing, John Collins, formerly CFO and COO of LivePerson, was appointed as Chief Financial Officer of SoundHound AI. His compensation includes a $465,000 annual base salary and a target bonus of 65%.
- Transaction Close Date: All transactions, including the mergers and debt restructuring, were completed on September 4, 2026.