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SoundHound (Archimedes Tech SPAC Partners) Priced, Nasdaq: SOUN

Blank check company targeting AI, cloud services, and auto-tech (completed 4/27/2022).

Industry: SPAC

Latest Trade: $5.89 0.00 (0.0%)

First Day Return: -0.7%

Return from IPO: -41.1%

Industry: SPAC

We are a blank check company. Our focus will be on the artificial intelligence, cloud services and automotive technology sectors. However, we are not limited to the technology industry, or the named sectors, and we may pursue a business combination opportunity in any business or industry we choose and we may pursue a company with operations or opportunities outside of the United States. Our Chairman, Dr. Eric R. Ball, and special advisor, Mr. Brent Callinicos, both have long track records of senior management leadership in high growth technology companies. Within the technology industry, our initial focus will be on the artificial intelligence, cloud services and automotive technology sectors. Our management team possesses a strong understanding of the SPAC structure and market. Our Chief Executive Officer, Stephen N. Cannon, has served as a member of management for five SPACs that have completed initial public offerings, four of which have consummated a business combination.
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IPO Data
IPO File Date 02/12/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/10/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EarlyBirdCapital
I-Bankers Securities
Company Data
Headquarters Claymont, DE, United States
Founded 2020
Employees 3

SoundHound (Archimedes Tech SPAC Partners) (SOUN) Performance