The board and the independent advisory firm Glass Lewis maintain that the acquisition offers a necessary exit for shareholders. Under the proposed terms, most investors would receive SoundHound stock valued at approximately $3.33 per share—a 22% premium over the 30-day average price calculated prior to the April 21 announcement. The company argues that joining forces with SoundHound provides an accelerated path to profitability and a stronger, debt-free balance sheet.
LivePerson Urges Shareholders to Approve SoundHound AI Acquisition
With the August 20 special meeting approaching, LivePerson’s board of directors is pushing shareholders to support its acquisition by SoundHound AI. The company warns that failing to cast a vote will be counted as a vote against the merger, potentially leaving investors with no value should the deal collapse.
Conversely, LivePerson paints a stark picture for those who choose to remain independent. The company faces persistent commercial headwinds, a significant debt burden, and limited access to capital markets. Management cautioned that a rejection of the deal could lead to a delisting from the Nasdaq and potential reorganization, which would likely result in shareholders receiving nothing for their equity. Because the merger requires approval from a majority of all outstanding shares, the company is emphasizing that inaction is functionally equivalent to opposition.
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